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Johnson Fistel Investigates Fairness of Proposed Sale of Skechers to 3G Capital

1. Johnson Fistel initiates investigation on SKX board's fiduciary duties during sale. 2. 3G Capital agrees to acquire SKX shares for $63 or $57 plus equity units. 3. SKX stock previously traded near $80; proposed buyout price is seen as low. 4. Investigation highlights potential shareholder rights concerns regarding transaction fairness.

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FAQ

Why Bearish?

The proposed buyout price of $63 is significantly lower than its recent trading levels around $80, indicating potential shareholder dissatisfaction which may negatively impact market sentiment.

How important is it?

The investigation and buyout offer are directly relevant as they affect current and future investor sentiment regarding SKX's valuation and governance.

Why Short Term?

The immediate reaction to the buyout price and investigation could lead to short-term volatility in SKX's stock price.

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3GNKEADIDAS
SAN DIEGO, May 06, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Skechers U.S.A., Inc. (NYSE: SKX) breached their fiduciary duties in connection with the proposed sale of the Company to 3G Capital Corp. (“3G”). On May 5, 2025, Skechers entered into a definitive agreement pursuant to which 3G will acquire all outstanding shares of the Company in a go-private transaction. Under the terms of the agreement, each holder of Company common stock may elect to receive either $63.00 in cash per share or $57.00 in cash per share plus one unit in the post-closing private entity controlled by 3G. The post-closing units will be subject to customary and numerous other restrictions on transfer. Over the twelve-month period preceding the announcement, Skechers common stock traded at levels approaching $80.00 per share. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/skechers If you are a shareholder of Skechers and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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