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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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December 18, 2014
16:55 EDTMWEminence Capital reports 11.9% stake in Men's Wearhouse
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16:34 EDTMWMen's Wearhouse, Eminence in standstill agreement amendment
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December 11, 2014
10:21 EDTMWHigh option volume stocks
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December 10, 2014
19:18 EDTMWMen's Wearhouse reports Q3 adjusted EPS 83c, consensus 87c
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18:31 EDTMWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
15:25 EDTMWNotable companies reporting after market close
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14:41 EDTMWMen's Wearhouse volatility increases into Q3 and outlook
Men's Wearhouse December call option implied volatility is at 69, January is at 43, February is at 36; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results.

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