Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital

Skechers is being acquired for billion and taken private by the commitment firm by G Capital The board of Skechers unanimously approved the deal the companies explained Monday The offer of per share represents a premium of to Skechers -day volume-weighted average stock price the companies commented Following completion of the transaction the company will continue to be led by Skechers Chairman and CEO Robert Greenberg and his management association The company headquarters will also remain in Manhattan Beach California where it was founded more than three decades ago The deal is expected to close in the third quarter this year