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Eminence Capital Sends Second Letter to The Men's Wearhouse

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Eminence Capital, LLC, which owns 9.8% of the common stock of The Men's Wearhouse, Inc. (NYSE: MW) and is the single largest shareholder, today sent the following letter to the company regarding a business combination with Jos. A. Bank Clothiers, Inc. (NASDAQ: JOSB) or other strategic alternatives.*

November 12, 2013

Mr. Doug Ewert  Chief Executive Officer  The Men's Wearhouse, Inc.  6380 Rogerdale Road  Houston, Texas 77072 

Dear Doug:

Thank you for your call yesterday.  We were encouraged by your comments, specifically your assurances that the Board of Directors of The Men's Wearhouse, Inc. (MW) takes its fiduciary duties seriously and that you instructed your financial advisors to review for the Board all strategic options available to the company, including a significant return of capital to shareholders and a merger with Jos. A. Bank Clothiers, Inc. (JOSB).  We strongly encourage you to promptly complete your review process and inform investors of your progress.  We also fully expect you and the Board, given the explicit commitment to explore all options, to actively engage with JOSB before their deadline of November 14,

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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