Investment firm Stifel said the deal "represents a pathway to value realization for similarly tariff-impacted businesses with solid franchises and attractive valuation."
Shares of footwear company Skechers (NYSE:SKX)
jumped 26.2% in the pre-market session after the company announced it has agreed to be acquired by 3G Capital. 3G Capital will pay $63 per share in cash for all outstanding shares of Skechers, representing a premium of 30% to Skechers' 15-day volume-weighted average stock price. This significant premium likely signals 3G Capital's confidence in Skechers' brand strength and potential and should offer some current shareholders an immediate and attractive return on their investment.
Skechers shareholders can elect to receive $63 per share in cash or $57 per share in cash and one unlisted, non-transferable equity unit (LLC unit) in a newly formed, privately held firm that will be the parent company of Skechers.
Skechers U.S.A. Inc. (NYSE: SKX) stock surged after announcing a $9.54 billion buyout by 3G Capital. Shareholders can receive $63 per share or opt for a mixed cash-equity deal. The company will go private in Q3 2025.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Skechers shares are trading lower by 5.7% to $47.61 during Friday's session. The company late Thursday announced record Q1 2025 sales of $2.41 billion.
Considering how this week started — with a heavy thud on threats to Jerome Powell’s job as Fed Chair — these indexes are up +2% to nearly +5% so far this week. Not too shabby.
Earnings season has arrived, with this week’s reporting docket notably stacked. Among the bunch scheduled to report are several consumer-facing companies, including Chipotle Mexican Grill, American Airlines, and Skechers.
