It came as no surprise Friday afternoon that the board of Jos. A. Bank Clothiers rejected the unsolicited tender offer by its archrival The Men’s Wearhouse. Bank said MW’s “true motives are unclear and its commitment to the offer is not credible.”
It also shot back at Eminence Capital, the activist investor that is pushing for the deal. Earlier this week, Eminence filed suit in the Court of Chancery in Delaware seeking a preliminary injunction that would prevent Bank from, among other actions, making an “ill-advised acquisition” that could hurt the value of Bank’s shares and risk “killing” what Eminence has in the recent past viewed and continues to view as an attractive combination.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)