Skechers’ stock rockets on buyout deal after tumbling in wake of tariff concerns - MarketWatch
1. Skechers to be acquired by 3G Capital for $63 per share in cash. 2. Acquisition price represents a 28% premium over the previous closing price. 3. Stock surged 24.8%, marking the largest one-day gain since 2017. 4. Previous macroeconomic issues led to lower quarterly results and withdrawn outlook. 5. Skechers management team will remain in place after the acquisition.