After months of back-and-forth, Men’s Wearhouse and Jos. A. Bank have entered into a non-disclosure agreement.
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 6. Jos. A. Bank Chairman […]