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Jos. A. Bank rejects Men’s Wearhouse offer
Hampstead, Md. – The board of directors of Jos. A. Bank Clothiers, Inc. has officially rejected an unsolicited buyout offer from The Men’s Wearhouse. The offer, which expires March 28, 2014, is worth $57.50 per share, or about $1.6 billion.
Jos. A. Bank called the offer “inadequate and opportunistic” in announcing its rejection.
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The 5 Most Surprising Stats of the 2013 Holiday Season
By Netta Kelvis, head of marketing, Custora
[Editor’s Note: Custora has released its Holiday 2013 E-Commerce Recap, which is based on the company’s real-time dashboard aggregating data from over 100 U.S. retailers. Here's a blog post by Custora’s head on marketing summarizing the recap's highlights.]