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Stock Market & Financial Investment News

News Breaks
February 24, 2014
08:04 EDTJOSB, MWMen's Wearhouse ups offer for Jos. A. Bank to $63.50/share, says could go to $65
The Men's Wearhouse (MW) announced that it has increased its cash tender offer for all outstanding shares of Jos. A. Bank Clothiers (JOSB) to $63.50 per share from $57.50 per share. Expiration of the amended tender offer has been moved up to 5:00 p.m., New York City time on Wednesday, March 12, unless the offer is extended. Men's Wearhouse said it "strongly encourages" Jos. A. Bank shareholders to tender their shares by the 5:00 pm, March 12 expiration date to demonstrate support for a negotiated transaction with Men's Wearhouse. "Men's Wearhouse believes that shareholder support is critical in bringing about a successful combination of the two companies," the company said. Men's Wearhouse said it could potentially increase its offer price to $65.00 per share if it is able to conduct limited due diligence, subject to an appropriate confidentiality agreement, with access to Jos. A. Bank's management team. In addition, the amended offer is conditioned on termination of Jos. A. Bank's recently announced agreement to acquire Eddie Bauer, and Men's Wearhouse will increase the aggregate consideration to be paid to the Jos. A. Bank stockholders dollar-for-dollar to the extent Jos. A. Bank is able to terminate the Eddie Bauer purchase agreement for less than $48M in termination fees, less any other expense or fee reimbursement paid by Jos. A. Bank in connection with such termination.
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September 12, 2014
08:00 EDTMWMen's Wearhouse core strength offset by Jos. A. Bank, says Cowen
Cowen said the strength of the core business at Men's Wearhouse was offset by margin pressure in Jos. A. Bank, which has the potential to continue through the remainder of the year. The firm has lowered its expectations due to the pressure and feels the Street's earnings growth rate expectations for 2015 seem optimistic, though Cowen keeps its Outperform rating and $62 price target on the stock.
September 11, 2014
10:49 EDTMWHigh option volume stocks
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10:20 EDTMWMen's Wearhouse heads lower after initial bounce off lows
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09:57 EDTMWMen's Wearhouse backs EPS reaching at least $5.50 by 2017
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09:19 EDTMWMen's Wearhouse: Sales for Jos. A. Bank will be somewhat lumpy
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September 10, 2014
17:39 EDTMWMen's Wearhouse reports Q2 Jos. A. Bank SSS up 1%, Moores Q2 SSS up 10.2%
17:32 EDTMWMen's Wearhouse reports Q2 adjusted EPS $1.10, consensus $1.06
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15:50 EDTMWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Restoration Hardware (RH), consensus 64c; Men's Wearhouse (MW), consensus $1.06; Five Below (FIVE), consensus 14c; Sigma Designs (SIGM), consensus (8c); Wet Seal (WTSL), consensus (9c).
15:36 EDTMWMen's Wearhouse September 55 straddle priced for 6.6% move into Q2
September 9, 2014
06:49 EDTMWMen's Wearhouse September volatility elevated into Q2
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