A Skechers USA shareholder filed a lawsuit on May 30, 2025, seeking more details about the company's $9.4 billion buyout by private equity firm 3G Capital. The lawsuit alleges that the decision by Skechers' founder and controlling shareholder to sell raises 'red flags.'
The litigation questions the fairness of the deal price, which offers shareholders $63 per share in cash or $57 per share in cash plus one unlisted equity unit. Concerns include potential conflicts of interest involving the Greenberg family, who collectively own over 60% of the company's voting power and will remain in leadership post-acquisition.
The lawsuit introduces uncertainty to the pending transaction, which was announced on May 5, 2025, and is expected to close in the third quarter of 2025. Shareholder rights firms are investigating whether the board of directors fulfilled its fiduciary duties to all shareholders.
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