Had something similar happen years ago. Owned IDGB(IDG books) and it was taken private at a fire sale price significantly below the ipo price. I had a small loss and felt like a real Dummy/Idiot(pun intended). These jokers should be calling Nike, Reebok, ect. to try to stimulate an counter offer. SKX knows what they're doing. At this takeout price, along with the cash on hand, they'll break even in a matter of years, and everthing else after will be icing on the cake. Might make sense to buy SKX if the deal goes through.
This certainly doesn't fit into the product portfolio of a Nike or Reebok.
Unfortunately, as a stand alone concern, this company is not worth much more than where it is now, especially with last quarter's dismal results. It needs to be brought into an organization like Sketchers with a strong international presence and the ability to shave off a lot of costs and overhead due to duplication. Unfortunately, management would rather keep their high paying jobs even if the company languishes and the shareholders mount losses.
I know it hurts, but take what you can get in a deal and then buy Sketchers stock.