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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:35 EDTJOSB, MWMen's Wearhouse extends tender offer to acquire Jos. A. Bank
Men's Wearhouse (MW) announced that in accordance with the terms of its merger agreement with Jos. A. Bank (JOSB), it has extended its all-cash tender offer for $65.00 per share for all of the currently outstanding shares of common stock of Jos. A. Bank to 5:00 p.m. New York City time on May 21, unless further extended. The tender offer was previously set to expire at 5:00 p.m. New York City time on May 7.
News For MW;JOSB From The Last 14 Days
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August 20, 2015
09:00 EDTMWMen's Wearhouse selloff a buying opportunity, says Jefferies
Jefferies analyst Edward Plank views the recent selloff in shares of Men's Wearhouse as a buying opportunity. Much of the back-end integration risk from Jos. A. Bank has now passed, and margin improvement should follow, Plank tells investors in a research note. The analyst's FY18 bull case suggests a price target of $100, or 75% upside from current levels, versus a bear case of $47, or 20% downside. He keeps a Buy rating on Men's Wearhouse with a $67 price target.

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