A bid by Men’s Wearhouse (MW) to acquire a rival has been rejected. On Monday, Jos. A. Bank (JOSB) declined a takeover offer of $55 a share. Jos. A. Banks’ chairman said that the merger terms were “simply not in the best interest of our shareholders.”
A. Bank’s decision to enter into a deal to buy Eddie Bauer, which Men’s called a maneuver to ward off its takeover efforts. But if and when the Jos. A. Bank board rejects the Men’s bid—which apparently Men’s thinks will happen it since it brought ...
For additional information on Men's Wearhouse, please visit the Company's websites at www.menswearhouse.com, www.josbank.com, www.josephabboud.com, www.mooresclothing.com, www.kgstores.com, www.twinhill.com, www.dimensions.co.uk and www.alexandra.co.uk.
4-Traders · 2y
takeover saga continued this morning as Men’s Weahouse said it has received a draft merger agreement from its rival and that the two firms have signed a non-disclosure pact. The move comes after months of rival bids from both sides. Mens’ Wearhouse ...