A group of hedge funds including Verition Fund Management and Empyrean Capital Partners, is battling for control of a proposed shareholder class action challenging 3G Capital’s $9.4bn acquisition of footwear company Skechers USA, as investors seek to overturn what they claim was an undervalued takeover.
Several investment firms argue that the May 2025 buyout failed to reflect Skechers’ true value, alleging that founder Robert Greenberg and senior management agreed to an unfair transaction during...
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