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Men’s Wearhouse rejects Jos. A. Bank offer, adopts rights plan
Fremont, Calif. – The Men’s Wearhouse has rejected the unsolicited proposal by Jos. A. Bank to acquire the company for $48 per share, or about $2.3 billion.
Men’s Wearhouse said in a press release that the offer significantly undervalues the company, is inadequate and not in the best interests of the company or its shareholders.
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Supply chain solutions bolsters leadership team
Retail Process Engineering, an innovative retail merchandising and supply chain solutions provider, has appointed Tom DiPinto as an account executive.
DiPinto has more than 20 years of experience in enterprise class software solutions with deep experience in retail, project management and systems implementation. He will be responsible for identifying new clients and working with existing clients to align software solutions with business objectives to improve processes, grow the business and save money.