The founders and managers of Skechers announce that they have accepted the buyout offer 3G Capitalan investment fund controlled by the Brazilian billionaire Jorge Paulo Lemann. In addition to three decades of existence, the American shoe brand has become a world heavyweight achieving a turnover of around 9 billion US dollars. Skechers is sold in 180 countries via retailers, e-commerce sites and 5,300 own shops.
A transaction at $ 9.4 billion
3G Capital proposed to pay $ 63.00 per cash action for Skechers, which represents a bonus of 30 % compared to weighted average price according to the volume of the company’s shares over 15 days. Overall, the amount of the transaction would amount to $ 9.4 billion. At the end of the transaction, the company will become a private company and will leave the scholarship. The company will remain managed by Robert Greenberg, Chairman and CEO et Michael Greenberg, chief operating officer With the rest of the current management team. Its head office will remain based on Manhattan beacH, in California, where it was founded.
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