Heelys rejects Skechers bid
From Times Wire Services
Heelys Inc.’s board rejected Skechers USA Inc.’s offer to buy the company for $142.8 million.
The offering price of $5.25 a share “does not reflect the value of Heelys,” the Carrollton, Texas, company said.
Skechers, based in Manhattan Beach, made its unsolicited bid for the company Aug. 13.
