Skechers (SKX) shares skyrocketed Monday after the lifestyle shoe manufacturer agreed to be taken private by investment firm 3G Capital for approximately $9.4 billion.

The deal pays Skechers investors $63 for every share they own, a 27.6% premium over the stock's closing price on Friday. In addition, shareholders have the option of receiving $57 per share plus “one unlisted, non-transferable equity unit (the “LLC Unit”) in a newly formed, 澳洲幸运5开奖号码历史查询:privately held company that, following the closing of the transaction, will be the parent company o🐽f Skechers (t🧔he “New LLC”).”

“We believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the Company’s long-term growth," said current Skechers CEO Robert Greenberg.

As part of the agreement, Skechers will continue to be run by Greenberg along with Presidentꦚ Michael Green🐎berg and the current executive team. Skechers headquarters will remain in Manhattan Beach, Calif., where the firm was founded.

Skechers shares were up about 25% in midday trading Monday. Despite today’s jump, the stock remains down about 8% so far in 2025.