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Trading Partners

  • Men’s Wearhouse ups the ante

    Just a little more than a week after Jos. A. Bank announced its intentions of acquiring Eddie Bauer, Men’s Wearhouse has upped the ante.

  • Men’s Wearhouse ups bid for Jos. A. Bank bid to $1.8 billion

    Houston - Men's Wearhouse has increased its purchase offer for Jos. A. Bank Clothiers Inc. to $63.50 per share, or about $1.78 billion, from $57.50 per share, or about $1.6 billion. The bid may increase to $65 a share, or about $1.82 billion, if Jos. A. Bank agrees to halt its planned acquisition of Eddie Bauer and lets Men’s Wearhouse conduct limited due diligence. On February 14, Jos. A. Bank agreed to buy Eddie Bauer for $825 million, but reserved the right to terminate the deal if a superior transaction emerged.

  • eBay’s damage control following Icahn’s accusations

    eBay and billionaire investor Carl Icahn are engaging in a public war of words that was ignited by an open letter Icahn sent to eBay shareholders Monday, Feb. 24. In the letter, Icahn accused eBay CEO John Donahoe of ignoring conflicts of interest on its board and called for the company to spin off PayPal.

  • DDR releases 2013 corporate social responsibility report

    Beachwood, Ohio — DDR Corp has published its 2013 Corporate Social Responsibility report, which can be viewed at csr.ddr.com. The report features various initiatives taken by DDR employees throughout 2013

  • G Asset proposes partial buyout of Barnes & Noble

    New York -- G Asset Management, LLC ("GAM"), a private investment management firm, has made a proposal to acquire 51% of Barnes & Noble Inc., valuing the company at $22 per share, or about $1.3 billion. This is a 10% increase on the $20 per share offer G Asset made for 51% of Barnes & Noble in November 2013.

  • Changes for Coca-Cola’s board

    The Coca-Cola Company is preparing to make changes to its board. Former ambassador Donald F. McHenry and Swedish businessman Jacob Wallenberg will not stand for re-election to the board at the company’s annual meeting of shareowners in April.

  • Joe Fresh to expand globally

    Toronto - Loblaw Companies Ltd. and its affiliates, the owners of Joe Fresh, have signed three separate partnership agreements that bring the brand into 23 new countries. The agreements cover markets in the Middle East, North Africa, Europe, and South Korea.

  • Board drama at Abercrombie & Fitch

    Engaged Capital, an investment firm specializing in small and mid-cap North American equities and stockholder of Abercrombie & Fitch Co., has named five nominees for the Abercrombie & Fitch board of directors.

    The nominees are Alexander P. Brick, former CEO of Specialty Retail Group; Robert D. Huth, former CEO of David’s Bridal; Michael W. Kramer, former COO of J.C. Penney; Diane L. Neal, former CEO of Bath & Body Works; and Glenn W. Welling, CIO and managing member of Engaged Capital.

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