Consumer
Guess Will Go Private in $1.4 Billion Deal With Authentic
Guess? Inc. is going private in a $1.4 billion deal with Authentic Brands Group LLC in partnership with co-founders Maurice and Paul Marciano and Chief Executive Officer Carlos Alberini.
Shareholders will get $16.75 a share in cash, a 26% premium to the stock’s closing price on Tuesday. The deal’s valuation includes debt, the company said in a statement. The shares jumped to near the offer price in New York trading on Wednesday.