US footwear brand Skechers agrees to acquisition by 3G Capital
Lifestyle and athletic footwear and apparel brand Skechers will be acquired by 3G Capital for $63 per share in cash, offering a 30 per cent premium. Shareholders can alternatively opt for $57 and an equity unit in a new private firm. The company will retain its leadership and HQ in Manhattan Beach, focusing on innovation, global growth, and strategic investments with 3G’s support.
Lifestyle and athletic footwear and apparel brand Skechers will be acquired by 3G Capital for $63 per share in cash, offering a 30 per cent premium.
Shareholders can alternatively opt for $57 and an equity unit in a new private firm.
The company will retain its leadership and HQ in Manhattan Beach, focusing on innovation, global growth, and strategic investments with 3G’s support.
