Oprah acquires 10% of Weight Watchers, sending stock soaring


 

Billionaire media mogul Oprah Winfrey has acquired a 10% stake in Weight Watchers International, sending the dieting company's stock soaring Monday.

Winfrey, who is likewise inspiring alternatives to procure an extra 5% stake, is joining the organization's board after a constructive individual involvement with the organization's health improvement plan.

Weight Watchers (WTW) simultaneously declared an extension of its image past an unadulterated spotlight on weight reduction to a general accentuation on more advantageous, more content living.

Speculators rushed to Weight Watchers offers in the news' wake, sending the stock up 53% in pre-business sector exchanging to $10.36 on Monday morning. Winfrey purchased her shares at $6.79, as per a Securities and Exchange Commission documenting.

The blossoming offer value may mirror the force of Winfrey's image in driving enthusiasm for wellbeing related items and projects as much as it mirrors her wager on the organization's past monetary prospects.

"Weight Watchers has given me the instruments to start to make the enduring movement that I thus a large portion of us who are battling with weight have yearned for," Winfrey said in an announcement. "I put stock in the system so much I chose to put resources into the organization and accomplice in its development."

Notwithstanding her part as a board part, Winfrey will serve as a guide.

"Through our discussions, it turned out to be clear that there is gigantic arrangement between Oprah's expectation and our central goal," Weight Watchers CEO Jim Chambers said in an announcement. We trust that her striking capacity to join and rouse individuals to understand their maximum capacity is interestingly corresponding to our intense group, exceptional mentors and demonstrated methodology."
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