Guess', Inc. (GES) is trading at $12.48, up 28.66 percent or $2.78 during Monday's trading, after WHP Global submitted a non-binding proposal to acquire the company for $13.00 per share in cash.
The stock opened at $12.16 and has traded between $12.01 and $12.79 so far, compared to a previous close of $9.70 on the New York Stock Exchange. Trading volume has reached 3.84 million shares, far exceeding the average volume of 1.26 million. The stock's 52-week range is $9.24 to $33.50.
The offer excludes shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano, and Carlos Alberini. The transaction is expected to be financed through equity, third-party debt, and shareholder reinvestment.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.