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December 23, 2013
10:25 EDTMW, JOSBMen's Wearhouse says 'surprised' JoS. A. Bank rejected proposal
The Men's Wearhouse (MW) commented on Jos. A. Bank Clothiers' (JOSB) decision not to engage with Men's Wearhouse following the company's proposal to acquire Jos. A. Bank for $55.00 per share in cash. Men's Wearhouse issued the following statement: "Given Jos. A. Bank's repeated expressions of interest in engaging in good faith discussions about a possible combination with Men's Wearhouse, we are surprised that Jos. A. Bank has rejected our proposal. The Men's Wearhouse all-cash proposal to acquire Jos. A. Bank has compelling strategic logic and the potential to deliver substantial benefits to our respective shareholders, employees and customers. While it is our strong preference to work collaboratively with Jos. A. Bank to realize the benefits of this transaction, we are continuing to carefully consider all of our options to make this combination a reality, including nominating director candidates at Jos. A. Bank's next annual meeting of shareholders."
News For MW;JOSB From The Last 14 Days
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April 10, 2014
07:38 EDTJOSB, MWMen's Wearhouse extends expiration date of Jos. A. Bank offer to April 23
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April 2, 2014
08:14 EDTJOSB, MWJos. A. Bank reports Q4 adjusted EPS $1.07, consensus $1.07
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