24/7 Market News Snapshot 17 March, 2025 – Guess?, Inc. (NYSE:GES)
DENVER, Colo., 17 March, 2025 (247marketnews.com) – (NYSE:GES) are discussed in this article.
Guess?, Inc. is currently experiencing a significant surge in its stock price, trading at approximately $12.54, a notable increase of about 29.29% from its previous close of $9.70. The company saw a trading volume of 1.68 million shares, indicating a strong influx of investor interest, which may reflect a shift in market sentiment and bodes well for its future performance.
Amidst this positive momentum, Guess? has attracted attention with a non-binding proposal from WHP Global, which seeks to acquire the company for $13.00 per share in cash. This proposal aims to be financed through a mix of equity and third-party debt, with certain existing shareholders potentially rolling over or reinvesting their stakes. In light of this development, Guess? has formed a Special Committee comprised of independent directors to assess the acquisition proposal, supported by external financial and legal advisors. The company has clarified that no definitive agreement has been reached, and there is no assurance that the proposal will culminate in a transaction.
This proposed acquisition comes on the heels of Guess? successfully collaborating with WHP Global earlier this year to acquire the intellectual property and operating assets of the fashion label rag & bone, positioning itself strategically in the luxury market. This partnership has allowed Guess? to directly operate rag & bone stores and strengthen its global e-commerce presence.
As this situation unfolds, shareholders are advised that immediate action is not required while the Special Committee conducts its evaluation. Guess? remains committed to keeping its stakeholders informed as it navigates this potential acquisition and continues to enhance its competitive position in the apparel industry, characterized by a robust international retail network.