Skechers Ups Offer to Hedge Funds Challenging Price of 3G Buyout The bidding war for Skechers has taken a dramatic turn, as the company's hedge fund backers have upped their offer in an attempt to challenge the agreed upon price of the 3G buyout.
This development comes at a time when private equity firms are facing increased scrutiny over their deals and valuations, casting a spotlight on the lucrative shoe industry.
Understanding the Bidding War for Skechers Behind the scenes, the bidding war is driven by strategic motivations from both sides.