Skechers USA Inc., the Manhattan Beach-based maker of trendy footwear, said Thursday it will continue its efforts to acquire shoemaker Heelys Inc.
Heelys recently rejected Skechers' $142.8 million offer to buy the company.
In a statement Thursday, Skechers chairman and CEO Robert Greenberg said: "We are very interested in continuing our dialogue and, as discussed in Skechers' letter of August 13, we may also be prepared to refine our proposal if additional value can be identified during the due diligence. The company's interest remains genuine and along with our advisors, we will continue to explore all of our options."
Greenberg also said that Skechers is "particularly disappointed" that Heeleys did not agree to discuss the offer with the Manhattan Beach company or even allow Skechers to view Heeleys' financial records.
We do not believe that such a refusal is in the best interests of Heelys' stockholders," Greenberg said.
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