Wednesday, January 29, 2014
Jos. A. Bank and Men’s Wearhouse – Get over with the Takeover Already
In the latest episode of the seemingly never-ending takeover war between Jos. A. Bank (JOSB) and Men’s Wearhouse, Inc. (MW), the former rejected yet another unsolicited bid from the latter on Friday.
This was us when we heard the news
And this is the reaction of the management of Men’s Wearhouse, Inc., according to our imagination.
The bidnessmen have lost count of the takeover bids and the counter bids exchanged between the two apparel retailers, but it all started last year when Jos. A. Bank offered to buy Men's Wearhouse for $2.4 billion. Men's Wearhouse not only rejected the bid, but countered it with an unsolicited bid of its own for $55 a share. The proposal was rejected, but triggered a bidding war that is still going strong months later.
Read More : Bank and Men’s Wearhouse