Guess? (GES) said Wednesday it will be taken private in an all-cash transaction that values it at about $1.4 billion, including debt.
The company said it will be taken private under a partnership between certain existing shareholders, including Maurice and Paul Marciano and Chief Executive Carlos Alberini, and Authentic Brands Group.
Authentic will own about 51% of the company's intellectual property, while Alberini and the other rolling stockholders will own 49%, with the existing Guess? management continuing to run the business and own 100% of the operating company, the fashion brand company said.
The company said that under the deal's terms, its shareholders other than the rolling stockholders will receive $16.75 per share in cash.
Guess? said it expects to pay a quarterly cash dividend of $0.225 per share through the closing of the deal, which is anticipated to occur in Q4 of its fiscal year 2026.
The company said its common stock will cease trading on any public market upon completion of the deal.
Shares were up over 25% in recent premarket activity.
Comments