HAMPSTEAD, Md., Feb. 27, 2014 (GLOBE NEWSWIRE) -- Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB) ("Jos. A. Bank" or the "Company") said today, in a letter to Douglas S. Ewert the President and Chief Executive Officer of The Men's Wearhouse, Inc. (NYSE:MW), that, "In our Board's continuing effort to evaluate which alternative transaction would create the greatest value for Jos. A. Bank shareholders, and on the basis of your unsolicited revised proposal indicating a willingness to pay a higher price subject to certain conditions, our Board has authorized our meeting with you to establish a process that will enable you to advise our Board as to the highest price you are prepared to pay in an acquisition of Jos. A. Bank."
Jos. A. Bank Board Rejects $63.50 Per Share Tender Offer; Agrees To Meet With The Men's Wearhouse-Willing To Consider A Higher Price
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts