MW Skechers' stock rockets on buyout deal after tumbling in wake of tariff concerns

By James Rogers

Investment firm 3G Capital will pay $63 per share in cash, or a 28% premium, for Skechers, which has seen its stock tumble on concerns over tariffs

Shares of Skechers USA Inc. soared Monday, after the comfort-footwear maker agreed to be taken private in an acquisition by investment firm 3G Capital.

3G Capital will pay $63 per share in cash for Skechers $(SKX)$, representing a premium of 28% to the stock's closing price on Friday of $49.37. That bid price values that company at about $9.4 billion.

The stock shot up 25.1% in morning trading, which puts it on track for the biggest one-day gain since the record 39.6% rally on Oct. 20, 2017. The rally comes after it closed Friday 36.9% below its Jan. 30 record close of $78.24.

The transaction includes the option for existing Skechers shareholders to instead receive $57 in cash and one unlisted, nontransferable equity unit in the newly formed, privately held company that, when the transaction closes, will be the parent company of Skechers.

Skechers will continue to be led by Chief Executive Robert Greenberg, President Michael Greenberg, and Chief Operating Officer David Weinberg.

Related: Skechers says it can't predict trade-war impact, pulls outlook

The company's stock has tumbled in recent months amid tariff concerns, as "substantially all" of last year's sales came from shoes made outside of the U.S. Last week, the Manhattan Beach, Calif.-based company's first-quarter results missed Wall Street's expectations and it withdrew its full-year outlook, citing macroeconomic uncertainty stemming from trade policies.

With Monday's rally, Skechers' stock has now lost 8.1% in 2025, while shares of rival Crocs Inc. $(CROX)$ have lost 6.9% and the S&P 500 index SPX has shed 4.1%.

-James Rogers

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May 05, 2025 10:00 ET (14:00 GMT)

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