Skechers Stock Soars on Buyout Deal -- Barrons.com

Dow Jones
May 05, 2025

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

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 05, 2025 09:28 ET (13:28 GMT)

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