Guess Stock Rebounds After $13-Per Share Take-Private Offer
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Guess stock rebounded nearly 26% Monday after a $13 per share acquisition proposal from New York-based WHP Global. The nonbinding cash offer for outstanding shares proposed the Guess (GES) apparel brand would "maintain its ordinary course of business and that there will be no material change to the strategic and operational position of the company." Guess reportedly formed a special...