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Stock Market & Financial Investment News

News Breaks
January 13, 2014
05:34 EDTMW, JOSBEminence backing Men's Wearhouse bid for Jos. A. Bank, WSJ reports
Eminence Capital LLC, Men's Wearhouse's (MW) largest shareholder, will back the retailer's hostile bid for Jos. A. Bank Clothiers (JOSB), a move that could complicate any effort by Jos. A. Bank to fend off its rival, reports the Wall Street Journal. Eminence Capital LLC, which has a nearly 10% stake in Men's Wearhouse and a nearly 5% stake in Jos. A. Bank, according to filings and sources, and plans to send a letter to Jos. A. Bank's board today declaring its support for Men's Wearhouse's $1.6B offer for Jos. A. Bank, sources say.Reference Link
News For MW;JOSB From The Last 14 Days
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April 17, 2015
08:08 EDTMWMen's Wearhouse recommended at Goldman
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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

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