Shares of Skechers USA (SKX) skyrocketed 24.27% in pre-market trading on Monday, following the announcement that the footwear company has agreed to be acquired by 3G Capital, a Brazilian-American investment firm known for its involvement in major consumer brands.

The acquisition news, which broke early Monday morning, has sent shockwaves through the footwear and retail sectors. While details of the deal have not been fully disclosed, the substantial premium reflected in Skechers' stock price suggests that 3G Capital values the company's strong market position and growth potential in the competitive footwear industry.

This move by 3G Capital, known for its investments in companies like Kraft Heinz and Burger King, signals a significant shift in the footwear market landscape. Investors and industry analysts will be closely watching for more details about the acquisition terms and 3G Capital's plans for Skechers' future growth and market strategy. The dramatic stock price increase reflects market optimism about the deal and its potential to enhance Skechers' competitive position in the global footwear market.