Skechers Sells For $9 Billion After Warning Trump's Tariffs Pose ‘Existential Threat'
1. Skechers agreed to be acquired by 3G Capital for $9.4 billion. 2. The deal values Skechers at $63 per share, closing later this year. 3. Skechers shares surged nearly 25% despite an 8% YTD decline. 4. Tariffs pose risks, but did not hinder Skechers' sale. 5. About 97% of footwear sold in the U.S. is imported.