NYT – One of the biggest investors in Men’s Wearhouse is officially on board with the retailer’s $1.6 billion hostile bid for Jos. A. Bank.
Eminence Capital, which owns a 9.8 percent stake in Men’s Wearhouse and a 4.9 percent stake in Jos. A. Bank, wrote a public letter to Jos. A. Bank’s board on Monday, urging the directors to accept the offer.