Guess Will Go Private in $1.4 Billion Deal With Authentic (1)

Guess? Inc. is going private in a $1.4 billion deal with Authentic Brands Group LLC in partnership with co-founders Maurice and Paul Marciano and Chief Executive Officer Carlos Alberini.

Shareholders will get $16.75 a share in cash, a 26% premium to the stock’s closing price on Tuesday. The deal’s valuation includes debt, the company said in a statement. The shares jumped to near the offer price in New York trading on Wednesday.

Guess management will continue to run the business and own the operating company, the company said, while Authentic Brands will acquire a majority stake ...