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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:02 EDTJOSB, MWMen's Wearhouse announces non-disclosure agreement with Jos. A. Bank
Men's Wearhouse (MW) confirmed that it entered into a non-disclosure agreement with Jos. A. Bank (JOSB) on March 1, under which the companies have agreed to exchange certain confidential information and to work in good faith to evaluate a potential combination, and that Men's Wearhouse has received a draft merger agreement from Jos. A. Bank. Men's Wearhouse noted that its existing cash tender offer for $63.50 would provide Jos. A. Bank shareholders with a substantial premium and immediate value, and that as previously announced, Men's Wearhouse is prepared to increase its offer price to $65 per share if Jos. A. Bank can demonstrate or Men's Wearhouse can discover additional value through discussions or limited due diligence.
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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