Why Sketchers Stock Is Skyrocketing Today

Group 1 - Sketchers' stock surged by 24.5% following the announcement of a $9 billion acquisition by 3G Capital, contrasting with a 0.3% decline in the S&P 500 index [1][2] - The acquisition deal has been approved by majority shareholders, making it highly likely to proceed, with the stock moving towards the buyout valuation [2][4] - Shareholders will have the option to receive either $63 per share in cash or $57 per share in cash plus a nontransferable share in a new private holding company [4] Group 2 - The acquisition price represents a 30% premium compared to the stock's average price over the previous 15 trading days [4] - After the buyout, Sketchers will continue to be managed by CEO Robert Greenberg and the existing management team [5] - Despite the buyout announcement being favorable for current shareholders, the potential upside for new investors is limited to 2.4% based on current trading prices, suggesting it may not be a worthwhile investment at this time [6]