Guess? Shares Are Trading Higher Wednesday: What's Going On?
1. GES will go private in a $1.4 billion deal with Authentic Brands. 2. Shareholders will receive $16.75 per share, a 73% premium. 3. Authentic Brands will acquire 51% of GES's intellectual property. 4. Current management will retain leadership after the transaction. 5. GES will continue paying dividends until the deal closes.