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Stock Market & Financial Investment News

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January 14, 2014
07:35 EDTMW, JOSBEminence to nominate JoS. A. Bank directors, urges Men's Wearhouse talks
Eminence Capital, which owns 4.9% of the common stock of Jos. A. Bank Clothiers (JOSB), announced that it intends to nominate two individuals for election as directors to the Board at Jos. A. Bank's annual meeting of shareholders. Eminence CEO Ricky Sandler said, "We intend to nominate two independent directors at the 2014 meeting of Jos. A. Bank shareholders. Our nominees will be highly-qualified, retail industry experts who will be committed to maximizing shareholder value. We are very encouraged by The Men's Wearhouse, Inc.'s (MW) decision to submit its own slate of nominees for the JOSB 2014 annual meeting. We want it to be very clear that we intend to support MW's nominees and we plan to withdraw our nominees if those proposed by MW are still in the running at the time of the JOSB annual meeting. However, given that JOSB's nomination window will be closing soon, we feel compelled to submit our own slate at this time to ensure both that JOSB is pursuing the combination with MW as vigorously as possible, and that JOSB directors will be held accountable if they approve an alternative transaction or cause JOSB to take other action before the annual meeting that would frustrate a transaction with MW. We continue to urge Jos. A. Bank to sit down with Men's Wearhouse and engage in meaningful, good faith negotiations in pursuit of a business combination on terms that could deliver significant value for Jos. A. Bank shareholders."
News For JOSB;MW From The Last 14 Days
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January 29, 2016
07:05 EDTMWMen's Wearhouse to implement new structure named Tailored Brands
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