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"We believe that Men's Wearhouse and Jos. A. Bank are ideal partners - the strategic wisdom of this transaction is compelling," Jos. A. Bank chairman Robert Wildrick told Men's Wearhouse chief executive Doug Ewert in a letter The Times reported. "By ...
Franchise Herald · 10/9/2013
Men's Wearhouse had offered to acquire Joseph A. Bank for the equivalent of roughly $1.2 billion. (Photo: Justin Sullivan, Getty Images) Jos. A. Bank didn't like the latest takeover offer from Men's Wearhouse — its board of directors guaranteed it.
USA Today · 1/17/2014
Men's Wearhouse, which has 1,137 stores in North America, said Monday it would continue to look at ways to combine the two businesses and hinted at the possibility of a hostile takeover, in which it would take its offer directly to Bank shareholders.
Baltimore Sun · ByLorraine Mirabella andNatalie Sherman · 12/24/2013
Men's Wearhouse Inc. is getting hot under the collar. The suit seller said on Monday it may seek board seats at rival Jos. A. Bank Clothiers Inc. to press a $1.5 billion takeover bid. But the move leaves several levers unpulled and still faces an array of ...
Wall Street Journal · 12/23/2013
(Reuters) - Jos. A. Bank Clothiers Inc has rebuffed a $1.5 billion (£916.5 million) takeover bid by Men's Wearhouse Inc , prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers. Shares of Men's ...
Yahoo! · 12/23/2013
Men’s Wearhouse said in a statement Wednesday morning that the proposal undervalues the company and is not in the best interest of the company or its shareholders. Plus, it said, the takeover could raise “significant” antitrust concerns.
Forbes · 10/10/2013
Jos. A. Bank said on Thursday that its board had rejected Men’s Wearhouse‘s newest takeover bid, worth nearly $1.8 billion, but said that it was willing to meet to try and agree on a higher price. The move is the latest turn in a drama that has played ...
Yahoo News · 7/28/2015
Fremont, Calif.-- Men’s Wearhouse again rejected a $2.3 billion takeover bid by Jos. A. Bank, refusing to allow it confidential access to its books. Last week, Jos. A. Bank sent a letter to Men’s Wearhouse, hinting that it might raise its proposed ...
Chain Store Age · 11/4/2013
Men's Wearhouse believes the takeover attempt is an opportunistic move to exploit the dislocation in its stock price, depriving shareholders of the intrinsic value of their investments, after a difficult second quarter. The offer is furthermore non-binding ...
Seeking Alpha · 10/10/2013
Jos. A. Bank Clothiers has rebuffed a $1.5 billion takeover bid by Men's Wearhouse, prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers. Shares of Men's Wearhouse fell about 1 percent on Monday ...
CNBC · 12/23/2013