Guess?, Inc. (NYSE: GES) (“Guess?” or the “Company”) introduced that its Board of Administrators (the “Board”) has obtained a non-binding proposal from WHP World by 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 current shareholders, together with Paul Marciano, Maurice Marciano and Carlos Alberini (collectively, the “Proposed Rollover Shareholders”). The proposal contemplates that the proposed transaction can be financed by a mix 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 strange course of enterprise and that there will probably be no materials change to the strategic and operational place of the Firm.
Guess? has shaped a Particular Committee of unbiased and disinterested administrators of the Board (the “Special Committee”) to judge the proposal, with the help of outdoors 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 obtained a non-binding $13.00 per share buyout proposal from WHP World, excluding shares held by key shareholders.
The deal can be funded by fairness, debt, and shareholder reinvestment.
A particular committee is reviewing the provide with advisors.
There isn’t a assure of a deal, and Guess? won’t remark additional till the overview is full.
There isn’t a assure that any definitive provide will probably be made, that any settlement will probably be executed or that the proposed transaction within the proposal or some other transaction will probably be permitted 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 applicable. Guess? shareholders don’t have to take any motion at the moment.
In April 2024, the Firm partnered with WHP World to amass the mental property and working property of New York-based trend model rag & bone, a frontrunner within the American trend scene, with the Firm immediately working rag & bone shops within the U.S. and within the U.Okay., and in addition having rag & bone accessible in high-end boutiques, department shops and thru e-commerce globally.
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