Guess?, Inc. announced on March 17, 2025, that its Board of Directors received a non-binding proposal from WHP Global to acquire the outstanding shares of Guess? for $13.00 per share in cash. This offer excludes shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano, and Carlos Alberini, who are proposed to roll over their shares.
The proposal indicates that the transaction would be financed through a combination of equity and third-party debt financing, alongside the rollover or reinvestment by the Proposed Rollover Shareholders. The offer assumes the company will operate in the ordinary course of business without material strategic or operational changes.
In response, Guess? has formed a Special Committee composed of independent and disinterested directors to evaluate the proposal. The committee will work with outside financial and legal advisors to determine the best course of action for Guess? and its shareholders.
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