Latest News:

US teenager wins $3m playing computer game Fortnite -

Sunday, July 28, 2019

Dozens of mourners ‘killed by Boko Haram’ at a funeral in north Nigeria -

Sunday, July 28, 2019

Dan Coats, Trump’s top intel official, to depart White House -

Sunday, July 28, 2019

Donald Trump’s power dynamic with Nancy Pelosi will be on full display at the State of the Union -

Tuesday, February 5, 2019

Pennsylvania poll: Clinton up by 9 points – QuestCinq.com -

Thursday, July 28, 2016

Your Ports!! – QuestCinq.com -

Wednesday, July 13, 2016

In shadow of Brexit, NATO considers Russian deterrence – QuestCinq.com -

Wednesday, July 6, 2016

Italy vs Spain,England vs Iceland; Boston Red Sox vs Tampa Bay Rays – QuestCinq.com -

Monday, June 27, 2016

Foreign diplomats voicing alarm to U.S. officials about Trump – QuestCinq.com -

Monday, March 7, 2016

Trump grants press credentials to ‘pro-white’ radio show host – QuestCinq.com -

Wednesday, March 2, 2016

Supreme Court rejects Arizona sheriff’s appeal on immigration – QuestCinq.com -

Tuesday, January 19, 2016

Hawking: Humans at risk of lethal ‘own goal’ – QuestCinq.com -

Tuesday, January 19, 2016

ObamaCare supporters see wall of resistance cracking in South – QuestCinq.com -

Saturday, November 21, 2015

Attaque revendiquée par l’EI au Bangladesh: un mort et 80 blessés -

Saturday, October 24, 2015

Russia says wants Syria elections, ready to help Free Syrian Army -

Saturday, October 24, 2015

Hillary Clinton calls Republican’s impeachment vow ‘pathetic’ -

Saturday, October 24, 2015

Saturday Sports! -

Saturday, October 24, 2015

Five things to watch in Tuesday night’s Democratic debate -

Tuesday, October 13, 2015

Sports Plus: Soccer and the rest! -

Tuesday, October 13, 2015

Fifa: Sepp Blatter, Michel Platini & Jerome Valcke suspended -

Thursday, October 8, 2015

Joseph A. Bank rejects Men’s Warehouse bi

Clothing firm Joseph A. Bank has rejected a $1.54 billion acquisition bid by rival Men’s Warehouse, marking a new chapter in the Wall Street suit wars.

The Hampstead, Md.-based firm announced Monday that its board of directors had unanimously turned down the Nov. 26 takeover bid after concluding that the offer “significantly undervalued the company.”

Men’s Wearhouse had offered to acquire Joseph A. Bank for $55 per share in cash, a bid that represented an implied value of roughly $1.2 billion for the takeover target. Men’s Wearhouse said at the time its bid was 32% over the closing share price of Joseph A. Bank on Oct. 8 — the day before the firm proposed its own takeover of Men’s Wearhouse.

“Our board undertook a thorough review and determined that the per share consideration in the proposal made to us by Men’s Warehouse was simply not in the best interest of our shareholders,” Robert Wildrick, chairman of Joseph A. Bank, said in a statement announcing the decision. He added that the firm is continuing “to review acquisition opportunities that would represent a strategic fit with our company.”

Joseph A. Bank shares were down 66 cemts at $56.37 shortly after U.S. financial markets opened Monday. Similarly, Men’s Wearhouse shares were down 59 cents at $51.42.

Established in 1905, Joseph A. Bank is one of the nation’s leading designers, manufacturers and retailers of men’s tailored and casual clothing and accessories. The company has 629 stores in 44 states and the District of Columbia.

Kevin McCoy, USA TODAY

 

Comments are closed.

Yahoo! Status Checker by Techya