A large retailer of U.S men’s tailored and casual clothing, on Oct 9 2013, made an aggressive move to purchase its bigger rival Men's Wearhouse. A counteroffer was made by the latter in what's called a Pac-man defence on January 6, 2014 - predator turned. JoS. A. Bank reacted by embracing a poison pill, declaring the planned acquisition of Eddie Bauer, an outside clothing retailer.
What started out as a straightforward offer had become the deployment of several takeover defences and a competition with numerous counteroffers? How will Eminence Capital, a hedge fund based in New York and biggest investor in both businesses, respond? Should each company react to the most recent offer on it individual table?
Suit Wars Men's Wearhouse versus JoS. A. Bank case study solution
PUBLICATION DATE: March 31, 2015 PRODUCT #: W15079-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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