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Skechers Trading Volume Plummets 60.64% to 219th Rank Despite $9.4 Billion Acquisition by 3G Capital
Generated by AI AgentAinvest Market Brief
Friday, May 9, 2025 7:50 pm ET1min read
On May 9, 2025, Skechers (SKX) saw a trading volume of $372 million, a significant drop of 60.64% from the previous day, placing it at the 219th position in the day's stock market rankings. The stock price of Skechers rose by 0.05%.
Skechers has agreed to a $9.4 billion deal to be acquired by the private equity firm 3G Capital, which will pay $63 per share in cash. This acquisition represents a 30% premium to Skechers' 15-day volume-weighted average stock price. The deal, announced on Monday, has sent the stock soaring, reflecting investor optimism about the future prospects under new ownership.
Skechers, the world's third-largest footwear company, will go private under this acquisition. The deal is valued at $9.4 billion, or $63 per share, and is expected to provide a significant return for shareholders. The acquisition is part of a broader trend of private equity firms investing in consumer goods companies, aiming to optimize operations and drive growth.
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