Skechers U.S.A., Inc. announced on May 5, 2025, a definitive merger agreement to be acquired by 3G Capital, a global investment firm, in a transaction valued at approximately $9.4 billion. This deal will take Skechers private, ending its nearly three-decade run as a public company.
Under the terms of the agreement, shareholders will receive either $63 per share in cash or $57 per share in cash plus one unlisted equity unit in the new private entity. The $63 cash offer represents a 30% premium to Skechers' 15-day volume-weighted average stock price.
The transaction was unanimously approved by the Skechers board of directors, including an independent committee of independent directors, and is expected to close in the third quarter of 2025. Robert Greenberg and Michael Greenberg, CEO and President respectively, will remain at the helm, continuing to execute the company's strategic initiatives.
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