The hostile on again, off again relationship between Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) and The Men’s Wearhouse, Inc. (NYSE:MW) may be coming to a conclusion. Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), which yesterday flatly rejected an offer from Men’s Wearhouse of $63.50 per share and was in the process of courting Eddie Bauer, may be open to The Men’s Wearhouse, Inc. (NYSE:MW) advances after all. Holding out for higher price In a press statement, the men’s clothing company said it would be willing to meet with its hostile suitor The Men’s Wearhouse, Inc. (NYSE:MW). “In our Board’s continuing effort to evaluate which alternative…
Is The Volatile Jos. A. Bank / Men's Wearhouse Saga Coming To An End?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.