Skechers accepts acquisition by 3G Capital for $63 per share! Stock rises 24% and will be privatized!
Reading Time: 4 minutes
The world's third-largest shoe manufacturer, Skechers (SKX), following Nike and Adidas, announced in a press release on Monday, May 5, 2025, that it has agreed to be acquired by the global investment firm 3G Capital. The stock subsequently surged over 24% during the trading day to close at $61.39. Acquisition price by 3G Capital is $63 per share Skechers U.S.A. develops and markets a diverse range of lifestyle and performance shoes, distinguished by comfort and visual appeal. Additionally, the company produces clothing and accessories for women,...
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