The Ademi Firm is investigating the proposed acquisition of Guess? (NYSE: GES) by WHP Global to determine if the interests of public shareholders are being protected.
In the proposed transaction, Guess? shareholders would receive only $13.00 per share in cash, other than shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini, whose shares will be rolled over and reinvested. Guess? has formed a Special Committee of independent and disinterested directors to evaluate WHP Global’s proposal.
We will be investigating the conduct of the Guess? board of directors with respect to the WHP Global proposed acquisition, and whether the Guess? Board will be fulfilling their fiduciary duties to all shareholders.