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Stock Market & Financial Investment News

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January 31, 2014
07:02 EDTMW, JOSBMen's Wearhouse could raise bid for Jos. A Bank, NY Times columnist says
EVA Dimensions analyst Craig Sterling believes that if Men's Wearhouse (MW) increases its bid for Jos. A Bank (JOSB), it would be overpaying, according to a New York Times columnist. But Jos. A Bank has more than $13 per share in cash on hand and there may be synergies between the companies that have not been identified, the columnist stated. Moreover, Men's Wearhouse has significant room to increase its offer, given its relatively low debt levels, the columnist added. Reference Link
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