(AP) — Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million that will help strengthen its menswear business and diversify its offerings. The deal comes as Jos. A. Bank is …
Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $850 million. The men's clothing company, which itself is being pursued by Men's Wearhouse Inc., made the deal with Everest …
Shares of The Men’s Wearhouse fell 51 cents to $51.50 in late morning trading, and Jos. A. Bank stock declined 30 cents to $56.73. Jos. A. Bank Clothiers Inc. said its board unanimously rejected the offer from Fremont, Calif.-based Men’s …
A. Bank stock had been “validly tendered” and not withdrawn. This constitutes 79.9 percent of the shares outstanding as of the end of the fourth quarter. To Read the Full Article SUBSCRIBE NOW Already a Subscriber? Log in.
How much will Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) be worth? DCF with 0% growth is $28 Tangible book value is $24 NCAV is $19 Current price is $41 That’s good downside protection on the stock and it provides a base value to …
Jos. A. Bank Clothiers is buying the 94-year-old Eddie Bauer brand for $825 million in cash and stock. The men’s clothing company, which is trying to fend off a takeover bid by Men’s Wearhouse, will pay $564 million in cash, some borrowed …
Men's Wearhouse shares were down 0.9 percent at $51.54 on the New York Stock Exchange. Jos. A. Bank's Nasdaq-traded stock was down 0.7 percent at $56.64, but still above the offer price of $55. (Click here for the latest quote.)
It will also buy back up to $300 million of its own stock if the deal goes through, paying $65 a share in what it said was a way to return capital to shareholders. Friday’s transaction appears to be an effort by Jos. A. Bank to blunt a $1.6 billion ...
The deal was reached with Everest Topco LLC to buy Everest Holdings LLC in a cash-and-stock deal valued at $825 million. But the acquisition, which comes as Jos. A. Bank is being pursued by Men’s Wearhouse Inc., isn’t written in …