India, May 5 -- Skechers U.S.A., Inc. (SKX), a footwear and apparel company, on Monday announced that it has agreed to be acquired by 3G Capital, an investment firm and private partnership, for $63.00 per share in cash.
The transaction is at a 30% premium over its recent average stock price and is expected to close in the third quarter of 2025. Additionally, Skechers signed a support agreement.
Shares of Skechers U.S.A. are increasing by around 25% in the pre-market trading.
Shareholders will have the option to receive $57.00 in cash plus one unlisted, non-transferable equity unit.
Once the deal is completed, Skechers' shares will be delisted from the New York Stock Exchange, and the company will operate as a private business.
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