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Skechers Raises Settlement Offer in 3G Capital Buyout Dispute

Skechers USA Inc. increased its settlement offer to resolve litigation from hedge funds challenging 3G Capital's $9.4 billion acquisition of the footwear company. In April, the firm proposed $65 per share, representing a $2 increase over the price 3G Capital paid when completing the buyout in September. This revised offer exceeded the $64-per-share proposal Skechers made the previous year. Initial settlement negotiations had failed to produce agreement. Investors had filed suit contesting the deal's terms.