BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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GUESS ANNOUNCED WEDNESDAY THAT IT WILL BE TAKEN PRIVATE IN A $1.4 BILLION DEAL INVOLVING ITS CO-FOUNDERS, CEO, AND AUTHENTIC BRANDS, THE COMPANY THAT OWNS REEBOK. (PHOTO).

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 Guess to be taken private in $1.4 billion transaction with Authentic Brands and company leadership

Guess announced Wednesday that it will be taken private in a $1.4 billion deal involving its co-founders, CEO, and Authentic Brands, the company that owns Reebok. 

The agreement includes the acquisition of 51% of Guess’ intellectual property by Authentic Brands, while existing shareholders will retain the remainder.

Shareholders will receive $16.75 per share in cash, a 26% premium over the stock’s previous close. Guess shares jumped nearly 26% in early trading following the announcement, after having lost roughly 38% over the past year amid economic uncertainty and stiff competition in the apparel market. The move aligns with broader consolidation in the industry, including Skechers going private, Dick’s Sporting Goods’ acquisition of Foot Locker, and Authentic Brands’ purchase of Dockers earlier this year.

The company said going private will allow it to pursue a longer-term strategy and navigate a challenging operating environment with greater flexibility. Before the deal, the co-founders and CEO owned roughly 40% of the company, with Paul Marciano holding 28%. Earlier this year, Guess had received a $13-per-share proposal from WHP Global, which was reviewed by a special committee. The committee determined that the deal with Authentic Brands and existing shareholders offered the best path forward.


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