Skechers Goes Private, Aqcuired By 3g Capital For $9.4 Billion
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00:00Skechers has agreed to be acquired by 3G Capital in a deal valued at approximately $9.4 billion,
00:07offering shareholders $63 per share, a 28% premium over the previous closing price.
00:14The acquisition comes amid uncertainty, in part from tariffs proposed by President Trump,
00:18which led Skechers to withdraw its annual financial guidance.
00:22Skechers, the world's third largest shoe brand,
00:24will maintain its current leadership and California headquarters post-acquisition.