Takeover shock: 3G Capital buys Skechers for $9.4 billion!

The Brazilian-American investment group 3G Capital is taking over the shoe company Skechers for around 9.4 billion dollars. The acquisition was announced by Skechers. Founder and CEO Robert Greenberg will continue to lead the company even after delisting. Skechers shareholders have the option to cash out at a price of $63 per share, a premium of nearly 30 percent to the weighted average price over the last 15 trading days. Alternatively, shareholders can receive $57 plus a stake in the new private parent company. 3G Capital calculates that it will ultimately own more than 80 percent of Skechers shares.

Skechers shares have lost value in recent months; in January the price was up to $80. Skechers also withdrew its business forecast for the year in April due to uncertainties caused by import tariffs. Interest in Skechers is also rising as shares rose 25 percent in premarket trading, reflecting its acquisition by 3G Capital. According to Robert Greenberg, who speaks of significant growth over the last three decades, Skechers' public listing will disappear once the transaction is completed.

Takeover details and alternative payout options

3G Capital's offer is $63 in cash per share, representing a premium of approximately 30 percent to the volume-weighted average price over the last 15 trading days. After the acquisition, investors can alternatively receive $57 in cash and one unlisted stock unit; However, this only applies to shareholders who owned shares before the takeover was announced. A maximum of 20 percent of the outstanding shares can be converted in this way, as The shareholder reported. 3G Capital is known for successful mergers of major brands such as Heinz and Kraft as well as Burger King and Tim Hortons.

In contrast, the situation with consumer goods prices in Switzerland remains stable. Loud NZZ prices remained unchanged in April. Inflation fell to 0.0 percent compared to the same month last year. The national consumer price index remains at 107.5 points. While prices for imported goods fell by 2.5 percent compared to the previous year, domestic goods rose by 0.8 percent. Price increases were recorded in air transport, clothing and personal care products, among other things, while prices in the hotel industry and mountain railways fell.