Footwear brand Skechers to be taken private in $9 billion deal
Footwear company Skechers said on Monday it had agreed to be acquired by investment firm 3G Capital in a deal worth $9.4 billion.
3G Capital, a buyout firm controlled by Brazilian billionaire financier Jorge Paulo Lemann, has offered to pay $63 per Skechers share in cash, a 28% premium to the stock's Friday close.
Shares of the company jumped nearly 26% to $62.10 in premarket trading after the announcement.
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