Guess says Authentic Brands Group transaction to cose in Q4

The company states: “On August 20, 2025, the Company announced that it had entered into a definitive agreement for certain existing Company shareholders, including Maurice Marciano, Paul Marciano, Nicolai Marciano, and Carlos Alberini and certain of their respective trusts, foundations and affiliates, to enter into a strategic partnership with Authentic Brands Group LLC under which (1) Authentic will acquire 51% and the Rolling Stockholders will acquire 49% of substantially all of the Company’s intellectual property and (2) the Rolling Stockholders will acquire 100% of the Company’s operating assets. Under the terms of the Proposed Transaction, Guess (GES)? shareholders will receive $16.75 per share in cash and, upon completion, the Company’s common stock will no longer be listed on any public market. At a special meeting held on November 21, 2025, the Company’s stockholders adopted the Merger Agreement and a resolution approving the Disposition. The Proposed Transaction is expected to close in the fourth quarter of fiscal year 2026, subject to specified conditions, including standard regulatory approvals, certain of which remain pending.”