1. Ademi Firm investigating Guess for fiduciary duty breaches in a deal. 2. Shareholders to receive $16.75 per share, totaling $1.4 billion. 3. Transaction limits competing offers, raising concerns about board conduct.
Concerns over fiduciary breaches may deter investors, similar to past lawsuits impacting valuations.
The investigation could lead to negative investor perception and potential legal costs.
Immediate legal investigations can significantly affect stock sentiment and price.
The Ademi Firm is investigating Guess (NYSE:GES) for possible breaches of fiduciary duty and other violations of law in its transaction with Authentic Brands and the co-founders.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
Shareholders of Guess will receive $16.75 per share in cash or approximately $1.4 billion, including debt. Guess insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Guess by imposing a significant penalty if Guess accepts a competing bid. We are investigating the conduct of the Guess board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001