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Men's Wearhouse Inc completes acquisition of Jos. A. Bank Clothiers, Inc.


Wednesday, 18 Jun 2014 12:54pm EDT 

Men's Wearhouse Inc:Announced the completion of its acquisition of Jos. A. Bank Clothiers, Inc.Acquisition was effected through the previously announced all-cash tender offer by Men's Wearhouse's wholly owned subsidiary, Java Corp., to acquire all of the issued and outstanding shares of common stock of Jos. A. Bank for $65.00 net per share in cash.Tender offer expired, at the end of the day on June 17, 2014.Says about 23,610,788 shares of Jos. A. Bank common stock were validly tendered in, and not withdrawn from the tender offer, representing about 84pct of Jos. A. Bank's outstanding shares of common stock.And, after taking into account shares delivered pursuant to guaranteed delivery procedures, about 94pct of Jos. A. Bank's outstanding shares of common stock.Says as a result of the merger, each share of common stock of Jos. A. Bank issued and outstanding and not tendered in the tender offer were converted into the right to receive an amount in cash equal to $65.00.Following the merger, Jos. A. Bank shares will cease to be traded on the NASDAQ Global Market. 

Company Quote

58.16
0.72 +1.25%
22 Jul 2014