Home / Knowledge / News / Apparel/Garments / Men's Warehouse investors hopeful on deal with Jos A Bank
Men's Warehouse investors hopeful on deal with Jos A Bank
26
Nov '13
Men’s Wearhouse Inc., a men's dress clothes retailer in the United States, might have rejected the USD 48 per share in cash offer by Jos. A. Bank Clothiers Inc. but its investors are still hopeful that the deal would go through to create the largest men’s apparel, manufacturer and retailer in the U.S.

Earlier, Jos. A. Bank had withdrawn its USD 2.3 billion takeover bid after it failed to lure Men’s Wearhouse into merger talks.

Despite the failed talks, the shares of Men’s Wearhouse were up 33 per cent, hinting that the investors were still interested in the deal.

Pushing for the deal, Eminence Capital, one of the biggest shareholders with 9.8 per cent share in Men’s Wearhouse, released a presentation describing how shareholders can release value at the company and why Men’s Wearhouse’s Board of Directors should pursue the merger discussions with Jos. A. Bank Clothiers.

Eminence Capital said that Jos A. bank should offer “significant Premium” for Men’s Wearhouse as it is an appealing buy and called the proposed merger with Jos. A. Bank a “compelling opportunity” and added that the possibilities are "massive with the potential for USD 2 billion of value to be created."

The case being put forward by Eminence Capital carries weight and is the reason stock of Men’s Wearhouse, a “must-own” company in the retail industry, is holding up. 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X