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 all shareholders. We believe this offer clearly represents a superior alternative for Jos. A. Bank shareholders compared to remaining independent and acquiring
. 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
per share offer price."
Additional Information Regarding the Proxy Solicitation
In connection with its solicitation of proxies for the 2014 Annual Meeting of Jos. A. Bank Clothiers, Inc. ("JOSB"), Eminence Capital, LLC intends to file a proxy statement on Schedule 14A and other relevant documents with the SEC.
Investors and security holders are urged to read the preliminary proxy statement in its entirety and the definitive proxy statement and other relevant documents when they become available, because they will contain important information regarding the proxy solicitation
. The preliminary and definitive proxy statement and all other relevant documents will be available, free of charge, on the SEC's website at
The following persons are participants in any such proxy solicitation: Eminence Capital, LLC, Eminence GP, LLC,
Ricky C. Sandler
Bruce J. Klatsky
Norman S. Matthews
. Investors and security holders of JOSB can obtain additional information regarding the direct and indirect interests of the participants by reading the materials to be filed today under cover of Schedule 14A with the SEC.
About Eminence Capital, LLC
Eminence Capital, LLC is an asset management firm founded in 1998 that currently manages approximately
on behalf of institutions and individuals. The firm employs a bottom-up, research-driven investment strategy that utilizes a combination of industry research, rigorous financial analysis and dialog with company management to execute its investment process.
For More Information Contact:
ASC Advisors LLC(203) 992-1230
SOURCE Eminence Capital, LLC