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."