Okay, so picture this. It’s Monday. Not just any Monday, though. One of those Mondays that feels like it carries the weight of a sleepy Sunday glued to your back. Anyway, I digress. Sketchers. You know, the shoe folks. Their stock – it’s skyrocketing! We’re talking a mad dash upwards. Sounds dramatic, right? But it makes sense when you hear why.
Guess what dropped before the trading bell? Yep! A press release. Turns out Sketchers is getting hitched to 3G Capital in a jaw-dropping $9 billion deal. Imagine waking up as a majority shareholder – boom, champagne breakfast! Because those shareholders? They’re all in, nodding along like it’s karaoke night, singing “I Want It That Way” in perfect harmony. Or maybe not, but close enough. Stock’s soaring, like, it’s practically buzzing its way to that buyout number as I sit here typing these words.
And, oh, have you seen those flaming arrows charts they always show? Kind of looks like something from an 80s hair band album cover. But with more math. Anyway, sketch that in your mind with Sketchers leaping like it’s unleashed its inner Olympian.
So here’s the skinny: 3G Capital’s putting $63 per share on the table, all cash. Or hey, if you’re feeling adventurous, $57 cash plus a share in some new, mysterious private venture where Sketchers goes after going private. Enticing, or a bit of a gamble—maybe both.
Once they close the curtains on their public adventures, it’s still Greenberg at the helm. Same faces, but now in this private club sort of setting. Think exclusive, minus the velvet ropes.
Now, about buying Sketchers stock right this moment—might wanna hold your horses. It’s around $61.50 per share as I scribble this down. Sure, there’s a 2.4% upside if you jump in now and hang tight till the ink dries on that buyout, but is it worth it? Meh. Feels almost like when you’ve been craving that snack, and then you finally have it and think, “That’s it?”
Anyway, not advising you one way or the other, just putting it out there like a half-hearted RSVP.
