Footwear brand Skechers jumps after $9.42 billion go-private deal
ReutersMay 5, 2025 2:04 PM
Shares of footwear firm Skechers SKX.N rise as much as 25.5% to $61.94, highest since February 2025
Co says it agreed to be taken private by investment firm 3G Capital in $9.42 billion deal
Adds that 3G Capital - a buyout firm controlled by Brazilian billionaire financier Jorge Paulo Lemann - has offered to pay $63 per SKX share in cash; 28% premium to stock's close on Friday, as per Reuters calculations
If gains hold, stock set for best day since October 2017
Co says deal is expected to close in third quarter of 2025
Notes SKX will continue to be led by CEO Robert Greenberg, President Michael Greenberg, and the rest of the current management team
Including session moves, stock down about 8% YTD
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