Skechers, a leading global footwear company, has entered into an agreement to be acquired by 3G Capital, a prominent private equity firm. The transaction, valued at $63 per share, will result in Skechers becoming a privately held entity, concluding its nearly three-decade tenure on the public market.
The announcement, made Monday, triggered a substantial surge in Skechers' stock price, reflecting investor optimism regarding the deal. The acquisition is expected to provide Skechers with increased flexibility to pursue long-term strategic initiatives and navigate the evolving retail landscape.
3G Capital has a proven track record of investing in and growing consumer brands. Their expertise and resources are anticipated to support Skechers' continued expansion and innovation in the footwear industry. The transaction is subject to customary closing conditions and is expected to be finalized in the coming months.
Skechers Acquired by 3G Capital in Take-Private Deal
Skechers, the popular shoe company, is being bought by the investment firm 3G Capital. The deal, announced Monday, will take Skechers private after almost 30 years as a publicly traded company. 3G Capital will pay $63 per share, causing Skechers stock to jump significantly. This acquisition marks a new chapter for the footwear brand.
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