3G Capital to Acquire Skechers in $9.4 Billion Deal

Published 1 hours agoSKX

The announcement of the acquisition had an immediate impact on the market, with Skechers' shares jumping nearly 26% to reach $62.10 in premarket trading. This lively investor reaction underscores the significance of the premium and the confidence in the change of ownership.

Once finalized, the transaction will result in Skechers transitioning from a public to a privately held company. According to Reuters, this strategic move by 3G Capital aligns with its history of acquiring well-known brands, signaling a new chapter in Skechers' journey.

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3G Capital to Acquire Skechers in $9.4 Billion Deal

1 hours agoSKX

Skechers has struck a deal to be acquired by private equity firm 3G Capital for $9.4 billion. The agreement involves 3G Capital, led by Brazilian billionaire Jorge Paulo Lemann, purchasing the footwear company at $63 per share in cash. This offer represents a 28% premium over Skechers' previous closing price. The announcement of the acquisition had an immediate impact on the market, with Skechers' shares jumping nearly 26% to reach $62.10 in premarket trading. This lively investor reaction underscores the significance of the premium and the confidence in the change of ownership. Once finalized, the transaction will result in Skechers transitioning from a public to a privately held company. According to Reuters, this strategic move by 3G Capital aligns with its history of acquiring well-known brands, signaling a new chapter in Skechers' journey.