Skechers Stock Soars After This Firm Agrees To Acquire Company

Shares of Skechers USA soared Monday after investment firm 3G Capital agreed to take the company private in a deal valued at $9.41 billion. Skechers stock vaulted 25% to 61.65 a share in morning trading, the highest since Feb. 26. 3G Capital is offering $63 a share, a premium of nearly 28% from Friday's close at 49.37.