Market Overview

Benzinga's M&A Chatter for Thursday March 20, 2014

Benzinga's M&A Chatter for Thursday March 20, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 20, 2014:

Men's Wearhouse Extends Tender Offer to Acquire Jos A Bank for $65.00/Share to April 9

The Tender Offer:
The Men's Wearhouse (NYSE: MW) announced Thursday that in accordance with the terms and conditions of the Merger Agreement, dated March 11, 2014, it has extended the expiration date of its tender offer for all outstanding common shares of Jos. A. Bank to 5:00 PM New York City time on April 9, 2014, unless further extended. The previous deadline was 5:00 PM New York City time on March 19, 2014.

Jos A Bank closed Thursday at $64.29, a loss of $0.06. Men's Wearhouse closed Thursday at $51.92, a loss of $0.42.

Montage Technology to Evaluate Strategic Alternatives, Consider $21.50/Share Offer

The Strategic Alternatives:
Montage Technology (NASDAQ: MONT) announced Thursday that its Board of Directors will evaluate strategic alternatives, including a possible sale of the Company. Shanghai Pudong Science and Technology Investment offered to acquire all of the outstanding ordinary shares of the Company for $21.50 in cash on March 10.

The Montage Board is still evaluating the PDSTI proposal and no decision has been made.

Montage Technology closed Thursday at $20.61 a loss of 1.5%.

Report Golden Gate in Early Stages of Talks with ANN

The Filing:
Shares of Ann, Inc. (NYSE: ANN) surged higher after-hours Thursday on a 13-D filing from shareholder Golden Gate Capital showing a 9.5% stake in the women's apparel chain. The filing stated that Golden Gate was in the "early stages of discussions" with Ann and "look forward to sharing their views."

Ann, Inc. closed Thursday at $37.23, and traded near $42.00 after-hours.

Posted-In: News Management Insider Trades M&A After-Hours Center Movers

 

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