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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
NEW YORK, NY — Men’s Wearhouse has rejected an unsolicited $2.4 billion takeover bid from smaller rival Jos. A. Bank Clothiers, saying the offer undervalues the company and is “inadequate.” The Men’s Wearhouse board also took steps to …
Fox2now · 10/10/2013
Jos. A. Bank Clothier Inc. has rejected a $1.61 billion takeover offer from rival Men's Wearhouse. The two men's clothing retailers have been engaged in a strange courtship for months. Jos. A. Bank made a bid for The Men's Wearhouse Inc. last year that was ...
bigstory.ap.org · 1/17/2014
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Jos. A. Bank (JOSB) turned down a $1.5 billion takeover bid from rival Men’s Wearhouse (MW), continuing the tug-of-war between the two suit sellers. Jos. A. Bank, whose own offer to buy Men’s Wearhouse was rejected, said Monday it will continue to ...
Fox Business · 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 Inc. rejected smaller rival Jos. A Bank Clothiers Inc.’s $2.3 billion takeover offer, saying it significantly undervalued the company and could raise antitrust issues. The offer does not reflect the company’s growth strategy and ...
New York Post · 10/9/2013
Bank Clothiers (JOSB) turned down the latest acquisition proposal from rival Men’s Wearhouse (MW), but signaled that it ... a move meant to complicate a hostile takeover by MW. The bidding war between JOSB and MW was kicked off in October when …
Investor Place · ByChristopher Freeburn · 2/28/2014
(New York Times) Business news: Men's Wearhouse today rejected an unsolicited $2.3 billion takeover bid by Jos. A. Bank Clothiers, calling the proposed deal "highly opportunistic" and likely to draw antitrust scrutiny. (New York Times) Costco Wholesale …
Cleveland Plain Dealer · 10/9/2013
Jos. A. Bank rejected a takeover offer from competitor Men’s Wearhouse, saying the $1.54 billion bid is too low. Men’s Wearhouse said Monday that it will “carefully consider all of our options to make this combination a reality.” That may include ...
Vindy.com · 12/24/2013
Men's Wearhouse, for its part, said it was surprised by the rejection. Yet it also didn't close the door on a potential transaction, albeit one that could move into hostile takeover territory. "While it is our strong preference to work collaboratively with ...
The Deal Pipeline · 12/24/2013