Hypothesis said Wednesday that he accepted that he was taken private from a group, including his co-founders, CEO and owners of authentic brands of Reebok, in an agreement that evaluates the designer clothing brand at $ 1.4 billion, including debt.As part of the transaction, the co-founders Maurice Marciano and Paul Marciano and the CEO Carlos Alberini collaborated with the authentic brands, which will acquire 51% of the entire intellectual property. Guess “existing shareholders will have the rest.
Hypothesis, shareholders will receive $ 16.75 per action in cash, which represent a 26% prize at the closure of Tuesday.
His shares increased by almost 26% to $ 16.77 in the first stores. They have lost about 38% in the last 12 months between hard competition for consumer dollars and economic uncertainty.
The agreement is the last of a wave of activities of mergers and acquisitions between the clothing and footwear companies, including the 3G Capital agreement to take private skechers, the announcement of Dick Sporting Goods to acquire the footbread of the foot and the purchase of Dick’s Dick documents of Dick Brands at the beginning of this year. Taking private hypotheses will provide the company with greater flexibility to navigate in the complex operating environment of today and pursue a more targeted and long -term long -term strategy.
Before the announcement of the agreement, its co-founders and CEOs possessed together about 40.18% of the company, with Paul Marciano in possession of 28%, according to the data compiled by LSEG.
Hypothesis had received an $ 13 offer for share-private from the management company of the WHP Global brand in March. He had therefore formed a special committee to evaluate the proposal.
“The Special Committee evaluated a series of potential options and unanimously determined that the transaction with authentic and (existing shareholders) is the best path for hypotheses,” said Alex Yemenidjian, president of the Special Committee.
The agreement should close in the fourth quarter of the tax year 2026, without prejudice to regulatory approvals. (Report by Savyata Mishra in Bengaluru; editing by Shilpi Majumdar)
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