Skechers U.S.A. and 3G Capital Partners L.P. have the green light to proceed with their $9 billion merger deal. All regulatory approvals have been received, setting the expected closing date for Sept. 12, 2025. Stockholders of record as of July 29 have until Sept. 5 to make their merger election.

A Skechers investor lost a bid to delay the deal’s closing, allowing the transaction to proceed after the SEC approval. Robert and Michael Greenberg’s business acumen is reflected in the deal, the largest in shoe buyout history. Skechers will remain headquartered in Manhattan Beach, Calif., post-merger.

When the deal closes, Skechers will become a private company, extinguishing existing shares on the NYSE. For the second quarter, Skechers reported a 21.5% increase in net income to $170.5 million, with net sales rising by 13.1% to $2.44 billion. Analysts predict Skechers won’t remain private for long.

Read more at Yahoo Finance: Here’s When The Biggest Shoe Buyout Deal at $9 Billion Will Close