JOSB stock fell modestly in Monday morning trading, while MW stock sank more than 1%. Article printed from InvestorPlace Media, http://investorplace.com/2013/12/jos-bank-rejects-mens-wearhouse-takeover-offer/.
Men's Wearhouse on Wednesday rejected a $2.3 billion nonbinding takeover proposal by Jos. A. Bank Clothiers Inc., despite that its offer price was higher than Men's Wearhouse's closing market price. Bill Sechrest, Men's Wearhouse
A. Bank Clothiers Inc. Eminence, which also has a small stake in Jos. A. Bank, is said to be agitating for MW to solicit takeover bids. Eminence’s chief executive officer Ricky C. Sandler said in a letter to MW’s board: “We are writing to …
Cablevision Systems Corporation (NYSE: CVC) filed an emergency application for a stay with the Chief Justice of the United States seeking an immediate suspension of the National Labor Relations Board's (NLRB) active pursuit of …
Men’s Wearhouse Inc. said Wednesday that it was removing founder George Zimmer as executive chairman, without offering a reason for the dismissal. The chain, which Zimmer launched in 1973, also said it was postponing its annual …