$JOSB | News $65 Offer By Mens Warhouse Eminenc
Post# of 88930
Posted On: 02/24/2014 12:10:30 PM
$JOSB | News $65 Offer By Mens Warhouse
Eminence Capital Announces Strong Support For New Bid By The Men's Wearhouse For Jos. A. Bank NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Eminence Capital, LLC, which owns 4.9% of the common stock of Jos. A. Bank Clothiers, Inc. (JOSB), today issued the following statement in support of the new, superior offer by The Men's Wearhouse, Inc. (MW) for the Company: "We are extremely pleased that Men's Wearhouse has made a full and fair offer for Jos. A. Bank," said Ricky C. Sandler, Chief Executive Officer. "We have maintained all along that the combination of these two great companies is the best outcome for allshareholders. We believe this offer clearly represents a superior alternative for Jos. A. Bank shareholders compared to remaining independent and acquiringEddie Bauer. If the Board of Jos. A. Bank properly fulfills its fiduciary duty, we expect it will come to the conclusion that it should accept this offer to merge with Men's Wearhouse and move ahead with the limited confirmatory due diligence requested by Men's Wearhouse to solidify $65 per share offer price."
Eminence Capital Announces Strong Support For New Bid By The Men's Wearhouse For Jos. A. Bank NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Eminence Capital, LLC, which owns 4.9% of the common stock of Jos. A. Bank Clothiers, Inc. (JOSB), today issued the following statement in support of the new, superior offer by The Men's Wearhouse, Inc. (MW) for the Company: "We are extremely pleased that Men's Wearhouse has made a full and fair offer for Jos. A. Bank," said Ricky C. Sandler, Chief Executive Officer. "We have maintained all along that the combination of these two great companies is the best outcome for allshareholders. We believe this offer clearly represents a superior alternative for Jos. A. Bank shareholders compared to remaining independent and acquiringEddie Bauer. If the Board of Jos. A. Bank properly fulfills its fiduciary duty, we expect it will come to the conclusion that it should accept this offer to merge with Men's Wearhouse and move ahead with the limited confirmatory due diligence requested by Men's Wearhouse to solidify $65 per share offer price."
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