By Sabrina Escobar
Skechers USA has agreed to sell itself for a 30% premium to the investment firm 3G Capital, sending the stock soaring in premarket trading Monday.
3G will pay investors $63 a share in cash for all shares outstanding of Skechers, representing a 30% increase to the sneakers company's 15-day volume-weighed average stock price.
Existing shareholders also have the option to instead receive $57 in cash and one unlisted, nontransferable equity unit in a newly formed private company that will be Skechers' corporate parent.
Skechers stock was up 25% to $61.90 in premarket trading. The shares closed at $49.37 Friday.
The transaction is expected to close in the third quarter of 2025.
Write to Sabrina Escobar at sabrina.escobar@barrons.com
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May 05, 2025 09:28 ET (13:28 GMT)
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