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News  ›  Benzinga

GES SECURITIES ALERT: Guess?, Inc. $16.75 Merger with Authentic Brands Triggers Investigation – Shareholders Notified to Contact BFA Law

Benzinga Logo Benzinga By Globe Newswire
GES SECURITIES ALERT: Guess?, Inc. $16.75 Merger with Authentic Brands Triggers Investigation – Shareholders Notified to Contact BFA Law

Securities law firm Bleichmar Fonti & Auld LLP is investigating Guess's board of directors and executive officers for potential breaches of fiduciary duties in their $16.75 per share sale to Authentic Brands Group.

Insights
CROX   positive

Trading at a cheap valuation (enterprise value-to-EBIT of 6), strong international growth of 16.4%, and significant stock buybacks reducing shares outstanding


GES   negative

The article suggests potential misconduct by board members and executives in the merger process, with allegations of possible breaches of fiduciary responsibilities to shareholders