Skechers USA Concludes 26-Year Public Trading Journey with $9.4 Billion Privatization Deal

Stock News
08/29

3G Capital's acquisition of Skechers USA (SKX.US) has secured all necessary regulatory approvals, with the transaction expected to close on September 12th. The $9.4 billion acquisition agreement between 3G Capital and Skechers USA offers two options: $63 per share in cash, or $57 per share combined with equity units in a newly established private parent company. This acquisition represents one of the largest privatization transactions in the footwear industry, marking Skechers USA's exit from public markets after 26 years of trading. Looking ahead, 3G Capital plans to leverage its operational efficiency expertise to accelerate Skechers USA's global growth, innovation, and infrastructure investments. The $9.4 billion acquisition price falls slightly below Birkenstock's (BIRK) $9.7 billion market capitalization but significantly exceeds the market values of Crocs (CROX.US), Wolverine Worldwide (WWW.US), Steve Madden (SHOO.US), and Weyco Group (WEYS.US). Skechers USA went public on the New York Stock Exchange on June 9, 1999, with an opening price of $11 per share. The company's highest closing price reached $78.24 per share on January 30, 2025. Currently, the stock price remains slightly above the $63 acquisition price level.

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