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Brookshire Brothers to acquire David’s Supermarkets
New York --- Brookshire Brothers, based in Lufkin, Texas, has entered into an agreement to David's Supermarkets, a 25-store chain based in North Central Texas. Terms were not disclosed.
"We feel like these family-owned stores align with our core value that we are a celebration of family and community," stated Jerry Johnson, president and CEO of Brookshire Brothers.Brookshire Brothers operates 123 outlets including grocery stores, convenience stores, free standing pharmacy, tobacco and petro locations.
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Jos. A. Bank says no to Men’s Wearhouse
The back and forth between Jos. A. Banks and Men’s Wearhouse continues. This time the shoe is on Jos. A. Banks’ foot, as the company’s board of directors officially rejected an unsolicited buyout offer from the Men’s Wearhouse.
Jos. A. Bank called the offer, which expires March 28, 2014, and is worth $57.50 per share, or about $1.6 billion, “inadequate and opportunistic.”