1. Skechers to go private via acquisition by 3G Capital at $63 per share. 2. Deal represents a 30% premium over Skechers' recent trading average. 3. Transaction valued at $9.54 billion, backed by significant shareholder consent. 4. Leadership remains intact with existing management continuing to oversee strategy. 5. Expected closure in Q3 2025, pending regulatory reviews.
The acquisition price of $63 per share is significantly above the current market price, indicating strong investor confidence and a premium valuation. Similar past acquisitions have led to positive stock performance pre-closure due to anticipated gains.
The acquisition directly affects SKX's stock price and future strategic direction, making it highly impactful. The cash offer premium strongly incentivizes current shareholders, enhancing its relevance significantly.
The deal will result in a major structural change for Skechers, allowing focused growth. Historically, take-private transactions have seen long-term valuation increases post-acquisition completion.