New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
09:02 EDTMW, JOSBJoS. A. Bank approves amendment of shareholder rights plan
Jos. A. Bank Clothiers (JOSB) announced that its board has approved an amendment to its shareholder rights plan to, among other things, reduce the ownership threshold to 10% from 20% of outstanding common shares. The company said that in light of the hostile actions The Men's Wearhouse (MW) has taken and threatened to take against the company, which are not in the best interest of the company's shareholders, the board felt it was appropriate to protect the company's shareholders by leveling the playing field and ensuring that the Jos. A. Bank Rights Agreement has the same triggering ownership threshold as that of the Men's Wearhouse Rights Agreement. On December 23, 2013, the Jos. A Bank board unanimously rejected a non-binding acquisition proposal by Men's Wearhouse based on its determination that the proposal significantly undervalued the company and its near and long-term potential.
News For JOSB;MW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
08:08 EDTMWMen's Wearhouse recommended at Goldman
Subscribe for More Information
April 16, 2015
13:01 EDTMWJos. A. Bank to scale back on suit discounts, Business Insider reports
Men's Wearhouse is scaling back on the discounts for Jos. A. Bank, reports Business Insider. CEO Doug Ewert said the "buy-one, get-several free" deals are no longer sustainable, adding that the company "sees an opportunity to expand on other reasons to shop at Jos. A. Bank, beyond just deep discounts. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use