Skechers (SKX) Stock Trades Up, Here Is Why

Shares of footwear company Skechers (NYSE:SKX) jumped 26.2% in the pre-market session after the company announced it has agreed to be acquired by 3G Capital. 3G Capital will pay $63 per share in cash for all outstanding shares of Skechers, representing a premium of 30% to Skechers' 15-day volume-weighted average stock price. This significant premium likely signals 3G Capital's confidence in Skechers' brand strength and potential and should offer some current shareholders an immediate and attract