Guess?, Inc. (NYSE: GES) (“Guess?” or the “Company”) introduced that its Board of Administrators (the “Board”) has acquired a non-binding proposal from WHP World via its affiliate WHP Investments, LLC, to amass for $13.00 per share in money the excellent shares of Guess?, Inc., aside from shares held by sure present shareholders, together with Paul Marciano, Maurice Marciano and Carlos Alberini (collectively, the “Proposed Rollover Shareholders”). The proposal contemplates that the proposed transaction could be financed via a mixture of fairness and third-party debt financing, in addition to rollover or reinvestment by every of the Proposed Rollover Shareholders, and assumes that the Firm will function within the atypical course of enterprise and that there might be no materials change to the strategic and operational place of the Firm.
Guess? has fashioned a Particular Committee of impartial and disinterested administrators of the Board (the “Special Committee”) to judge the proposal, with the help of exterior monetary and authorized advisors, to find out the plan of action that’s in the perfect curiosity of Guess? and its shareholders.
Guess?, Inc has acquired a non-binding $13.00 per share buyout proposal from WHP World, excluding shares held by key shareholders.
The deal could be funded via fairness, debt, and shareholder reinvestment.
A particular committee is reviewing the supply with advisors.
There isn’t any assure of a deal, and Guess? is not going to remark additional till the evaluate is full.
There isn’t any assure that any definitive supply might be made, that any settlement might be executed or that the proposed transaction within the proposal or every other transaction might be accredited or accomplished. Guess? doesn’t intend to remark additional on this matter till the Particular Committee has accomplished its analysis of the proposal or till additional disclosure is deemed acceptable. Guess? shareholders don’t must take any motion presently.
In April 2024, the Firm partnered with WHP World to amass the mental property and working belongings of New York-based trend model rag & bone, a pacesetter within the American trend scene, with the Firm straight working rag & bone shops within the U.S. and within the U.Okay., and likewise having rag & bone out there in high-end boutiques, malls and thru e-commerce globally.
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