Skechers U.S.A., Inc. (SKX): $61.49
Market Cap: $9.20 B
Deal Size: $10.63 B
Sketchers, the famous shoe company that is known more for their comfortable shoes that lend themselves to being worn all day long instead of setting any fashion trends, entered a merger agreement on May 5, 2025, to be taken private by investment firm 3G Capital in a $10.63 billion deal, exiting public markets after 26 years as it struggles with the prospects of steep U.S. tariffs.
Under the terms of the agreement, Skechers shareholders can elect to receive either $63 per share in cash or $57 per share in cash and one unlisted, non-transferable equity unit (LLC unit) in a newly formed, privately held company that will be the parent company of Skechers following the closing of the transaction.