The investment company WHP Global has made the fashion company Guess a Going private offer to take over publicly traded shares through the subsidiary WHP Investments. WHP Global would take over all of the shares in addition to those of certain shareholders such as founder Paul and Maurice Marciano and CEO Carlos Alberini, with which Guess could go off the stock exchange. According to the Reuters news agency, the three people currently hold around 43% of the shares. WHP offers $ 13 per share. The offer assumes that a takeover would not mean drastic strategic or operational changes in the company.
Guess has announced that a special committee from independent and uninvolved board members will deal with the offer and will make a decision in the best sense of Guess and the shareholder. There is no guarantee that the offer will be accepted.
According to the own website, WHP Global includes over 14 brands, including Lotto, G-Star and Anne Klein. WHP Global and Guess have already taken over the New York Fashion brand Rag & Bone together.
