BofA is moving to No Rating on Skechers (SKX) following the announcement that the company will be taken private by 3G Capital, offering shareholders either $63 in cash for each share or $57 per share in cash and one unlisted, non-transferable equity unit in a newly formed, privately held parent company.
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Read More on SKX:
- Skechers downgraded to Market Perform from Outperform at Raymond James
- Skechers downgraded to Hold from Buy at Deutsche Bank
- Skechers downgraded to Hold from Buy at Williams Trading
- ‘YETI Stock Could Be the Next Takeover Target,’ Says Jefferies Analyst
- Skechers downgraded to Equal Weight from Overweight at Barclays