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Stock Market & Financial Investment News

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February 14, 2014
09:34 EDTMW, JOSBMen's Wearhouse says will evaluate options with regard to Jos. A. Bank
Men's Wearhouse (MW) issued a statement in response to Jos. A. Bank's (JOSB) agreement to acquire Eddie Bauer. The company said, "In light of Jos. A. Bank's decision not to engage in discussions with Men's Wearhouse about a combination that would provide Jos. A. Bank shareholders with a substantial premium and immediate and certain value, the Board of Directors of Men's Wearhouse, together with its financial and legal advisors, will evaluate Men's Wearhouse's options with respect to Jos. A. Bank. As previously announced on January 6, 2014, Men's Wearhouse commenced a cash tender offer to acquire all outstanding shares of Jos. A. Bank Clothiers, Inc. for $57.50 per share. The tender offer is scheduled to expire at 5:00 p.m., New York City time on Friday, March 28, 2014, unless the offer is extended...Also as previously announced, Men's Wearhouse has formally submitted its notice to nominate two independent director candidates, John D. Bowlin and Arthur E. Reiner, for election to the Jos. A. Bank Board of Directors at its 2014 Annual Meeting."
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