-
Jos. A Bank shareholder pushes toward Men’s Wearhouse deal
New York -- Eminence Capital, a 4.9% stakeholder in Jos. A. Bank and a 10% shareholder in Men’s Wearhouse, said it supports Men's Wearhouse's proposed acquisition of the company and demanded that Jos. A. Bank's board sit down and engage in "meaningful, good faith negotiations."
Efforts to merge the two retailers have dragged on for months, with each chain having their offers to acquire the other rejected.