Special Committee of Guess?, Inc. Announces Retention of Financial and Legal Advisors
Guess? (NYSE: GES) has announced that its Special Committee of the Board of Directors has appointed financial and legal advisors to evaluate the previously announced non-binding proposal from WHP Global. The proposal involves acquiring outstanding Guess? shares at $13.00 per share in cash, excluding shares held by Paul Marciano, Maurice Marciano, and Carlos Alberini.
The Special Committee has retained Solomon Partners as financial advisor and Willkie Farr & Gallagher LLP as legal advisor. The committee is currently evaluating the proposal but has not made any determinations regarding the transaction. No shareholder action is required at this time, and there is no guarantee that a definitive offer will be made or that any transaction will be completed.
Guess? (NYSE: GES) ha annunciato che il suo Comitato Speciale del Consiglio di Amministrazione ha nominato consulenti finanziari e legali per valutare la proposta non vincolante precedentemente annunciata da WHP Global. La proposta prevede l'acquisto delle azioni in circolazione di Guess? a $13,00 per azione in contante, escluse le azioni detenute da Paul Marciano, Maurice Marciano e Carlos Alberini.
Il Comitato Speciale ha incaricato Solomon Partners come consulente finanziario e Willkie Farr & Gallagher LLP come consulente legale. Il comitato sta attualmente valutando la proposta, ma non ha preso alcuna decisione riguardo alla transazione. Non è richiesta alcuna azione da parte degli azionisti in questo momento e non c'è alcuna garanzia che venga presentata un'offerta definitiva o che la transazione venga completata.
Guess? (NYSE: GES) ha anunciado que su Comité Especial de la Junta Directiva ha designado asesores financieros y legales para evaluar la propuesta no vinculante previamente anunciada por WHP Global. La propuesta implica la adquisición de acciones en circulación de Guess? a $13.00 por acción en efectivo, excluyendo las acciones en poder de Paul Marciano, Maurice Marciano y Carlos Alberini.
El Comité Especial ha contratado a Solomon Partners como asesor financiero y a Willkie Farr & Gallagher LLP como asesor legal. El comité está actualmente evaluando la propuesta, pero no ha tomado ninguna decisión respecto a la transacción. No se requiere ninguna acción por parte de los accionistas en este momento y no hay garantía de que se presente una oferta definitiva o que se complete alguna transacción.
Guess? (NYSE: GES)는 이사회 특별위원회가 WHP Global의 비구속 제안을 평가하기 위해 재정 및 법률 자문을 임명했다고 발표했습니다. 이 제안은 Paul Marciano, Maurice Marciano 및 Carlos Alberini가 보유한 주식을 제외하고 주당 $13.00의 현금으로 Guess?의 미발행 주식을 인수하는 것입니다.
특별위원회는 재정 자문으로 Solomon Partners를, 법률 자문으로 Willkie Farr & Gallagher LLP를 retained했습니다. 위원회는 현재 제안을 평가 중이지만 거래에 대한 결정을 내리지 않았습니다. 현재 주주 행동은 필요하지 않으며, 최종 제안이 이루어지거나 거래가 완료될 것이라는 보장은 없습니다.
Guess? (NYSE: GES) a annoncé que son Comité Spécial du Conseil d'Administration a nommé des conseillers financiers et juridiques pour évaluer la proposition non contraignante précédemment annoncée par WHP Global. La proposition concerne l'acquisition d'actions en circulation de Guess? à 13,00 $ par action en espèces, à l'exclusion des actions détenues par Paul Marciano, Maurice Marciano et Carlos Alberini.
Le Comité Spécial a retenu Solomon Partners comme conseiller financier et Willkie Farr & Gallagher LLP comme conseiller juridique. Le comité évalue actuellement la proposition, mais n'a pas encore pris de décisions concernant la transaction. Aucune action des actionnaires n'est requise pour le moment et il n'y a aucune garantie qu'une offre définitive sera faite ou qu'une transaction sera finalisée.
Guess? (NYSE: GES) hat bekannt gegeben, dass sein Sonderausschuss des Vorstands finanzielle und rechtliche Berater beauftragt hat, um den zuvor angekündigten unverbindlichen Vorschlag von WHP Global zu bewerten. Der Vorschlag sieht vor, ausstehende Guess?-Aktien zu einem Preis von 13,00 $ pro Aktie in bar zu erwerben, ausgenommen die von Paul Marciano, Maurice Marciano und Carlos Alberini gehaltenen Aktien.
Der Sonderausschuss hat Solomon Partners als finanziellen Berater und Willkie Farr & Gallagher LLP als rechtlichen Berater beauftragt. Der Ausschuss bewertet derzeit den Vorschlag, hat jedoch noch keine Entscheidungen bezüglich der Transaktion getroffen. Zu diesem Zeitpunkt ist keine Aktion von den Aktionären erforderlich, und es gibt keine Garantie, dass ein endgültiges Angebot unterbreitet wird oder dass eine Transaktion abgeschlossen wird.
- Potential acquisition offer at $13.00 per share in cash
- Professional advisors appointed to evaluate the proposal
- No guarantee of a definitive offer or transaction completion
- Uncertainty regarding the final transaction terms and timeline
The Special Committee is carefully evaluating and considering WHP Global’s proposal with the assistance of its financial and legal advisors and has not yet determined whether it is appropriate to pursue the proposed transaction or any other transaction. No action is required by Guess? shareholders at this time.
There is no guarantee any definitive offer will be made, any definitive agreement will be executed or the proposed transaction or any other transaction will be approved or consummated. Guess? and the Special Committee do not intend to comment further on this matter unless and until further disclosure is deemed appropriate or necessary.
About Guess?, Inc.
Guess? designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of November 2, 2024, the Company directly operated 1,057 retail stores in
Notice Regarding Forward-Looking Statements
Except for historical information contained herein, certain matters discussed in this press release, including statements concerning the Company’s expectations regarding the non-binding proposal received from WHP Global and uncertainty as to the pricing, timing or terms of any transaction with WHP Global or any other alternative transactions, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements, which are frequently indicated by terms such as “expect,” “could,” “will,” “should,” “goal,” “strategy,” “believe,” “estimate,” “continue,” “outlook,” “plan,” “create,” “see,” and similar terms, are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from what is currently anticipated.
Factors which may cause actual results in future periods to differ materially from current expectations include uncertainties regarding whether a definitive offer will be made to the Company, whether the proposed transaction or any other transaction will be approved by the Special Committee or the Board and the final terms of a definitive agreement, if executed; the expected timing and likelihood of completion of the proposed transaction, including the timing, receipt and terms and conditions of any required shareholder, governmental and regulatory approvals of the proposed transaction that could reduce anticipated benefits or cause the parties to abandon the transaction; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally; litigation or administrative proceedings that may arise in connection with the proposed transaction; and other risks and uncertainties associated with the Company’s businesses set forth in the section entitled “Risk Factors” in the Company’s Securities and Exchange Commission (the “SEC”) filings, including, but not limited to, its most recent Annual Report on Form 10-K and its most recent Quarterly Reports on Form 10-Q, copies of which are on file with the SEC and available on the SEC’s website at www.sec.gov. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, whether as a result of new information, future events or otherwise, except as required by law.
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Guess?, Inc.
Fabrice Benarouche
Senior Vice President Finance, Investor Relations and Chief Accounting Officer
(213) 765-5578
Source: Guess?, Inc.
FAQ
What is the offer price per share in WHP Global's proposal for Guess? (GES)?
Which advisors has the Guess? (GES) Special Committee retained for the WHP Global proposal evaluation?
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