Skechers to go private following $9.4B deal with 3G Capital

Private equity firm 3G Capital reached a deal to buy Skechers and take the footwear company private. The two announced the multibillion-dollar transaction on Monday, with California-based Skechers saying the deal received "unanimous" approval from its board. Under the deal, 3G Capital will purchase outstanding Skechers shares for $63 each. There is also an "option for existing shareholders of Skechers to instead receive$57.00 in cash and one unlisted, non-transferable equity unit… in a newly-formed, privat ...