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Weiss Markets names CEO
Sunbury, Pa. — Weiss Markets named Jonathan Weis as president and CEO. Weis, 46, will also retain his role as vice chairman of the chain.
Weis has been serving as the company’s interim CEO since David Hepfinger departed in September. He is the son of Robert F. Weis, who remains chairman of Weis Markets.
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Jos. A. Bank acquires . . . Eddie Bauer
Jos. A. Bank is in the process of acquiring Everest Topco, a portfolio company of Golden Gate and parent company of the Eddie Bauer brand.
The purchase price for Eddie Bauer consists of a combination of $564 million in cash and approximately 4.7 million new shares of common stock of Jos. A. Bank, issued to Everest Topco at $56 per share, a premium to the pre-announcement share price.