The shoe company Skechers is being acquired for more than $9 billion to be taken private by the investment firm by 3G Capital. The deal comes amid growing uncertainty over how U.S. President Donald Trump's tariffs on foreign goods will affect companies who make their products overseas, particularly in China. The offer of $63 per share represents a premium of 30% to Skechers’ 15-day volume-weighted average stock price, and it was unanimously approved the deal.
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(Reuters) -Skechers has agreed to be taken private by 3G Capital for $9.42 billion in the footwear industry's biggest buyout to date, at a time when the company grapples with the impact of steep U.S. tariffs. Investment firm 3G Capital has offered $63 per Skechers share in cash, the footwear brand said on Monday. Its shares jumped 25% to $61.86 on the day, after dropping nearly 30% this year as the company withdrew its annual results forecast in April and warned of the fallout from President Donald Trump's 145% import tariff on Chinese goods.