Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday.

The $9.4 billion in equity value reflects a price of $63 per share when accounting for both Class A and Class B shares. Before the deal was announced, Skechers had a market value

Skechers is going private with global investment firm 3G Capital for about $9.4 billion. Investors in the shoemaker have the option of $63 for every share they own, or $57 and one unlisted equity unit of the newly formed parent of Skechers. CEO Robert Greenberg and the Skechers executive team will continue to lead the company.