DealBook – Over the last two months, Men’s Wearhouse has steadfastly rebuffed a $2.3 billion takeover bid by a smaller rival, Jos. A. Bank.
Now, an activist investor is hoping to change the retailer’s mind. A hedge fund, Eminence Capital, has acquired about a 9.8 percent stake in Men’s Wearhouse and plans to push the company into reconsidering strategic options like the proposed merger with Jos. A. Bank, a person briefed on the matter said on Tuesday.