By  on January 17, 2019

Skechers U.S.A. Inc. shareholders like the thought of takeover by VF Corp. — and a hefty premium — but at least some on Wall Street are scratching their heads over reported talks between the two companies.

Shares of Skechers rose 6 percent to $26.86 in late-day trading following media reports that VF was contemplating paying $40 a share for the company — or about $5.6 billion. VF stock was also up, rising 1.7 percent to $73.16 as the market approached its close.

To continue reading this article...

load comments
blog comments powered by Disqus