SKX Stock Recent News

The stock of Sketchers (SKX 24.44%) is surging in Monday's trading following an announcement that the company is set to be acquired. The footwear specialist's share price was up 24.5% as of 1:45 p.m.

Skechers (SKX) shares skyrocketed Monday after the lifestyle shoe manufacturer agreed to be taken private by investment firm 3G Capital for approximately $9.4 billion.

Investment firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, agreed to buy the company.

3G Capital is offering $63 a share, a premium of nearly 28% from Friday's close at 49.37.

LOS ANGELES--(BUSINESS WIRE)--SKX Investors Have the Opportunity to Join Investigation of Skechers U.S.A., Inc. with the Schall Law Firm.

Skechers agreed to be acquired by the private equity firm 3G Capital in a deal valued at $9.4 billion, the companies announced Monday, amid tumult in the industry—Skechers signed a letter last week by Nike and Adidas, among others, warning President Donald Trump his tariffs posed an “existential threat” to the U.S. footwear industry.

Skechers USA (NYSE:SKX)' shares jumped 25% at the opening bell Monday, following news that the company is being acquired by investment firm 3G Capital for $9 billion. The acquisition offer of $63 per share represents a 30% premium over Skechers' recent stock price.

MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Skechers (NYSE: SKX) for possible breaches of fiduciary duty and other violations of law in its transaction with 3G Capital. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Skechers will receive only $63.00 per share in cash; or $57.00 per share in cash and one L.

Last week, the company reported results that missed expectations and withdrew its full-year outlook.

Footwear giant Skechers U.S.A. Inc. SKX stock is soaring on Monday.