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Hedge Fund Backs Men’s Wearhouse Bid for Jos. A. Bank

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.

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