Skechers Sued on $9 Billion Deal Info by Holder Eyeing Appraisal

Skechers USA Inc., set to be acquired for $9.4 billion, is trying to run out the clock on investors considering whether to challenge the price in court, according to a new lawsuit.

A shareholder sued the footwear business for internal files, seeking more information about a planned private equity sale to 3G Capital Partners LP that could close as soon as Monday. Skechers is foisting an impossible choice on investors with only a brief window to weigh the wisdom of seeking court appraisal, a type of case that can backfire if a judge lowers the transaction price, the suit ...