Skechers goes private after acquisition completion by 3G Capital

Private equity company 3G Capital has finalised the acquisition of Skechers, taking the footwear company private. Skechers’ shares ceased trading on the New York Stock Exchange (NYSE) as of 12 September. The deal, valued at $9.42bn according to Reuters, was announced in May. 3G Capital agreed to pay $63.00 per share in cash for all outstanding shares of Skechers. The deal includes the option for Skechers’ shareholders to instead get $57.00 in cash and one “unlisted, non-transferable equity unit” in a n ...