Authentic Brands Group (AUTH) is considering a rival takeover bid for Guess? (GES) and working on a potential offer that would counter the $13-a-share cash proposal that the American clothing company received in March from WHP Global, people familiar with the matter told Bloomberg’s Crystal Tse, Vinicy Chan and Eliza Ronalds-Hannon. Shares of Guess surged nearly 18% after the news.
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