Jos. A. Bank rejects Men's Wearhouse's $63.50 offer

Jos. A. Bank (JOSB) rejects the $63.50/share offer from Men's Wearhouse (MW).

The company's letter says its board unanimously rejected the offer as inadequate, but that it's open to meeting with Men's Wearhouse to consider a higher price.

After hours: JOSB +3.3%; MW +3.7%.

Comments (4)
  • Parker Logan
    , contributor
    Comments (247) | Send Message
    I wonder if MH & JAB management bonuses are tied to 30 day avg stock prices... This is ridiculous already
    27 Feb 2014, 06:11 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11755) | Send Message
    That headline buried the lede: the key news is that JOSB agreed to talk with MW and to allow MW to conduct due diligence.
    27 Feb 2014, 06:11 PM Reply Like
  • wealth0118
    , contributor
    Comments (18) | Send Message
    What happens to M.W. STOCK?
    27 Feb 2014, 09:03 PM Reply Like
  • pault123
    , contributor
    Comments (93) | Send Message
    Mergers & Acquisitions | Deal Professor February 28, 2014
    A Scorecard on Jos. A. Bank’s Latest Moves

    28 Feb 2014, 07:49 PM Reply Like
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