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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
Jos. A. Bank Clothiers Inc. (JOSB-Q) has rebuffed a $1.5 billion US takeover bid by Men's Wearhouse Inc. (MW-N), prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers. Shares of Men's Wearhouse ...
Business News Network · 12/23/2013
The Hampstead, Md.-based firm announced Monday that its board of directors had unanimously turned down the Nov. 26 takeover bid after concluding that the offer "significantly undervalued the company." Men's Wearhouse had offered to acquire Joseph A.
KSDK · 12/23/2013
More from Bing News
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
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
(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
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 th ...
The Boston Globe · 1/18/2014
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
Jos. A. Bank Clothiers Inc. rejected a $1.54 billion takeover proposal from Men's Wearhouse Inc. as too low. The shares remained above the offer price, indicating investors expect a higher bid. The Men's Wearhouse offer "significantly undervalued" the ...
Chron · 12/23/2013
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