Reported about 10 hours ago
Skechers has agreed to a $9 billion acquisition by 3G Capital, with the deal approved unanimously by its board. The offer of $63 per share represents a 30% premium over the company's recent stock prices. Skechers, which reported a record $9 billion in revenue in 2024, will continue to be led by CEO Robert Greenberg post-acquisition, with headquarters remaining in Manhattan Beach, California. The transaction is expected to close in the third quarter of this year.
Source: YAHOO