June 21, 2013
At its annual meeting, Jos. A. Bank says it is looking at potential acquisitions in order to secure future growth. Shares close at $39.63.
Bank profits slide in the second quarter. Shares close at $42.27.
Bank offers to buy Men's Wearhouse for $48 cash a share, a $2.3 billion deal. The offer is not made public.
Bank announces its bid to buy Men's Wearhouse as the Houston company rejects it, calling the proposal "inadequate." Bank shares close at $44.33 and Men's Wearhouse at $45.03.
Bank offers to pay more for Men's Wearhouse, pending disclosure of more information.
Men's Wearhouse declines to share its books.
New York hedge fund Eminence Capital LLC, which holds about 10 percent of Men's Wearhouse stock, asks the company to take another look at Bank's offer.
Bank withdraws offer for Men's Wearhouse.
Men's Wearhouse turns tables on Bank, offering to buy the smaller Hampstead-based company for $55 a share in a $1.2 billion deal. Bank shares close at $56.29.
Bank turns down the proposal, saying the price is "not in the best interest of our shareholders."
Jan. 6, 2014
Men's Wearhouse launches a hostile takeover, increasing its offer to $57.50 a share and taking it directly to shareholders. Bank shares close at $56.87.
Eminence Capital, which also has about 5 percent of Bank's stock, files suit to forestall alternative acquisitions by Bank and force it to negotiate with Men's Wearhouse.
Bank urges shareholders to reject the offer.
Bank announces deal to acquire Eddie Bauer for $825 million, a move some analysts say is designed to get Men's Wearhouse to increase its bid. It also offers to buy back up to $300 million worth of shares for $65 each if the deal goes through, which some see as a signal to Men's Wearhouse of a price target.
Men's Wearhouse raises its offer by 10 percent, to $63.50 a share, with the option for more if Bank lets it take a look at the books. Bank shares rise to $60.04.
Bank rejects deal, but says it's willing to meet.
Men's Wearhouse also agrees to meet.
The two companies say they will share confidential business details.
Men's Wearhouse announces $1.8 billion takeover deal, offering $65 a share for Bank stock. Bank shares close at $64.22.