Guess? shares fall 1.37% intraday after Authentic Brands Group, LLC announced acquisition for $16.75 per share.

Guess?, Inc. declined 1.37% during intraday trading, following the announcement that Authentic Brands Group, LLC, and certain of their respective trusts, foundations, and affiliates of Guess?, Inc. signed a definitive agreement to acquire Guess?, Inc. for approximately $930 million. The acquisition includes a cash consideration valued at $16.75 per share, representing a premium of approximately 73% to Guess?'s unaffected closing common stock price on March 14, 2025.