The Pac-Man defense didn’t work for The Men’s Wearhouse Inc. in its recent table-turning effort to acquire archrival Jos. A. Bank Clothiers Inc., but it left the door open for more wrangling by the two men’s wear specialty retailers.
After a unanimous vote by its board, Bank earlier this week rejected MW’s offer, made on Nov. 26, to be acquired for $55 a share, or about $1.54 billion. The Hampstead, Md.-based Bank had just 12 days earlier seen the expiration of its offer to acquire the larger MW operation for $2.4 billion, or about $48 a share. But MW made it clear that it was still in the hunt for Bank and might up the ante by attempting to reconstitute its rival’s board with individuals more open to a business combination on its terms.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)