Skechers to go private in $9.4-billion deal

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Skechers to go private in $9.4-billion deal

Skechers, the Manhattan Beach footwear brand, is going private in a $9.4-billion deal. New York investment firm 3G Capital will acquire the company in a transaction that is expected to close in the third quarter, the company said Monday.

The sale announcement follows a decision by Skechers to not offer full-year guidance in April, citing "macroeconomic uncertainty stemming from global trade policies."
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