Yesterday was a big day for Joseph Abboud. He started the morning headlining a breakfast meeting for the Retail Marketing Society at FIT, and finished the day hosting the grand opening of his eponymous Madison Avenue flagship. The Joseph Abboud store is the first under Men’s Wearhouse’s ownership and Abboud …
Men’s Wearhouse will acquire rival Jos. A. Bank for $65 per share in a deal worth $1.8 billion.
After months of back-and-forth, Men’s Wearhouse and Jos. A. Bank have entered into a non-disclosure agreement.
While Jos. A. Bank has rejected the latest in a long line of offers from rival Men’s Wearhouse, its chairman, Robert Wildrick, has finally agreed to talk.
Men’s Wearhouse will raise its offer to acquire Jos. A. Bank to $63.50/share if the retailer will halt its acquisition of Eddie Bauer.
Eminence Capital CEO Ricky Sandler lashed out at Jos. A. Bank after its Eddie Bauer deal.
Eminence Capital has nominated two people to the Jos. A. Bank board: former PVH chairman Bruce J. Klatsky and former Federated president Norman S. Matthews.
Jos. A. Bank has rejected the latest takeover offer from Men’s Wearhouse. The $1.6 billion or $57.50 per share offer, which Men’s Wearhouse said was a 52 percent premium over the retailer’s unaffected enterprise value and a 38 percent premium over its October 8 share price, was made on January …
Men’s Wearhouse has made another offer for rival Jos. A. Bank, this time for $57.50 per share or $1.6 billion.
The $2.3 billion offer by Jos. A. Bank and Golden Gate Capital, which became public early this morning, was made in mid-September.