HAMPSTEAD, Md. (AP) -- 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 …
Jos. A. Bank — which started the three-way fracas last fall when it launched a takeover bid of its own for Men’s Wearhouse — raised questions about the timing of stock trades made by Eminence shortly before it disclosed its initial …
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At least five other shareholders, who collectively own about 17 percent of the stock, have asked Jos. A. Bank to enter into negotiations with Men's Wearhouse, people familiar with the matter said last week. The shares in Jos. A. Bank rose …
Jos. A. Bank Clothiers Inc., the repeated target of an acquisition by Men's Wearhouse, said Friday it will buy retailer Eddie Bauer in a deal worth $825 million in cash and stock. Jos. A. Bank, the Hampstead, Md.-company, said it will pay …
Jos. A. Bank said it would start a $300 million tender offer immediately after the deal closes to buy back 4.6 million shares at $65 each, a premium of 18.4 percent to the stock's close of $54.92 on Thursday. Jos A. Bank shares have run up 24 …
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.
A shareholder rights plan usually allows existing shareholders to acquire more stock at a discounted rate to ward off the investor collecting a big stake. Jos. A. Bank cut its trigger to a 10 percent ownership stake from a 20 percent …