Skechers To Go Private In $9.4 Billion Buyout By 3G Capital Amid Tariff Pressure, Weak Consumer Demand
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Skechers To Go Private In $9.4 Billion Buyout By 3G Capital Amid Tariff Pressure, Weak Consumer Demand
Skechers agreed to be acquired by private equity firm 3G Capital in a $9.42 billion deal, the largest buyout in footwear industry history, according to Reuters. The offer of $63 per share in cash represents a 28% premium to Friday’s close. Skechers stock surged 25% on Monday following the announcement. The move takes the company private after ...
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