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(CNN)   We still don't want your hostile takeover bid, I guarantee it   (money.cnn.com) divider line 14
    More: Followup, Men's Wearhouse  
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1858 clicks; posted to Business » on 18 Jan 2014 at 2:43 PM (47 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-01-18 03:03:56 PM  
Buy ONE men's clothier, Get TWO FREE!
 
2014-01-18 04:21:59 PM  
You should get drunk at home.  Then go to the bar.  It is cheaper that way
 
2014-01-18 04:41:13 PM  
Men's Wearhouse's $1.6 billion hostile bid offered Jos. A. Bank stockholders $57.50 a share, a modest premium from Friday's closing price of $56.49.

Less than a 2% premium over market price sounds like a joke.
 
2014-01-18 06:23:08 PM  
For a second, I thought the headline would refer to Sadar Biglari and his desire for CrackerBarrel
 
2014-01-18 07:12:51 PM  
What are the good things about being a publicly traded company?  Infusion of capital?
 
NFA [TotalFark]
2014-01-18 08:26:45 PM  
Men's Wearhouse is an appallingly bad company to do business with.  They have bought up all the tuxedo rental stores in my area and I don't have enough space here to describe all the horrible things they do.
 
2014-01-18 08:40:43 PM  
Men's Wearhouse's spokesman is George Zimmer, man.
 
2014-01-18 08:45:32 PM  

BMFPitt: Men's Wearhouse's $1.6 billion hostile bid offered Jos. A. Bank stockholders $57.50 a share, a modest premium from Friday's closing price of $56.49.

Less than a 2% premium over market price sounds like a joke.


Not really, the market price is what it is because of the offer.

Before Men's Wearhouse made their original offer of $55, Jos A Bank was trading around 50.5. 57.5 is a premium of almost 14% over the market price.
 
2014-01-18 09:40:35 PM  

gnosis301: What are the good things about being a publicly traded company?  Infusion of capital?


You can dump the venture capitalists that originally funded the company. At a certain point they'll start demanding an exit and that either means sell to a larger company or IPO.
 
2014-01-18 09:42:43 PM  

ohknaks: gnosis301: What are the good things about being a publicly traded company?  Infusion of capital?

You can dump the venture capitalists that originally funded the company. At a certain point they'll start demanding an exit and that either means sell to a larger company or IPO.


I'm not sure I understand what that means.  They can't just wash their hands of the company they funded?
 
2014-01-18 10:09:43 PM  

gnosis301: ohknaks: gnosis301: What are the good things about being a publicly traded company?  Infusion of capital?

You can dump the venture capitalists that originally funded the company. At a certain point they'll start demanding an exit and that either means sell to a larger company or IPO.

I'm not sure I understand what that means.  They can't just wash their hands of the company they funded?


They could, but they usually like to get some of their investment back.
 
2014-01-18 10:37:41 PM  
 
2014-01-19 01:16:51 AM  

itcamefromschenectady: Men's Wearhouse's spokesman is George Zimmer, man.


Used to be, until the board of directors stood their ground against him. Now he's unemployed and would probably kill for a bag of Skittles.

Penis.
 
2014-01-19 12:46:06 PM  

Flab: gnosis301: ohknaks: gnosis301: What are the good things about being a publicly traded company?  Infusion of capital?

You can dump the venture capitalists that originally funded the company. At a certain point they'll start demanding an exit and that either means sell to a larger company or IPO.

I'm not sure I understand what that means.  They can't just wash their hands of the company they funded?

They could, but they usually like to get some of their investment back.


Hmmmm, so this is usually only a problem when investors havent made their money back?
 
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