$2.3 bln stitch-up of Men’s Wearhouse is no cinch

October 9, 2013

Jos. A. Bank may be only half as large, but its fellow U.S. menswear retailer’s dishevelment makes for a tempting target. Even at a 36 pct premium, though, the clothes aren’t fitting. Men’s Wearhouse isn’t cooperating and the suitor has problems of its own with stagnating sales.

Turning suit deal inside out reveals silver lining

November 26, 2013

After fending off a hostile bid from Jos. A. Bank, Men’s Wearhouse is now proposing to buy its smaller rival. Cost savings worth up to $1.1 bln cover much of the price and the combined company would be less indebted. Structured this way, the deal is financially more fashionable.

Jos. A. Bank’s daft deal knits owners in a bind

February 14, 2014

To avoid being acquired, or perhaps to fetch a higher price from rival Men’s Wearhouse, the suits retailer is issuing stock to buy Eddie Bauer at $56, only to buy it back at $65. If the $875 mln transaction isn’t unraveled, shareholders will find themselves painfully stitched up.

Diamond dealers show how to make M&A sparkle

February 19, 2014

Jewelry retailer Signet’s stock shone 17 pct brighter after agreeing to buy rival Zale at a 41 pct premium. That’s what happens when cost savings effectively cover the purchase price. It makes the tarnish on shareholder-unfriendly Comcast and Jos. A. Bank more noticeable.