09.10.2013 15:20:34

Men's Wearhouse Rejects Offer From Jos. A. Bank - Quick Facts

(RTTNews) - The Men's Wearhouse (MW) Wednesday said its Board of Directors, after careful evaluation with the assistance of its financial and legal advisors, has determined to reject an unsolicited, non-binding proposal from Jos. A. Bank (JOSB) to acquire the company for $48.00 per share in cash.

The Men's Wearhouse Board concluded that the proposal significantly undervalues it and its strong prospects for continued growth and value creation, and is not in the best interests of Men's Wearhouse or its shareholders.

Bill Sechrest, Lead Director of the Board, said, "We believe Jos. A. Bank's unsolicited proposal is opportunistic, subject to unacceptable risks and contingencies, and would deprive our shareholders of the value inherent in Men's Wearhouse for inadequate consideration."

Nachrichten zu The Men's Wearhouse Inc.mehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu The Men's Wearhouse Inc.mehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!