Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of The Men’s Wearhouse, Inc.
Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of The Men’s Wearhouse, Inc. Business Wire SAN DIEGO -- November 5, 2013 Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the officers and directors of The Men’s Wearhouse, Inc. (NYSE: MW) breached their fiduciary duties in connection with the acquisition proposal recently submitted by Jos. A. Bank Clothiers Inc. (NASDAQ: JOSB). On September 18, 2013, Jos. A. Bank submitted a proposal to acquire Men’s Wearhouse for $48 per share in cash. This represented a 42% premium to Men’s Wearhouse previous day closing stock price. However, Men’s Wearhouse rejected Jos. A Bank’s proposal and refused even to discuss a potential transaction. On October 31, 2013, Jos. A. Bank informed Men’s Wearhouse that it would consider increasing its proposal if it were given the opportunity to conduct due diligence into Men’s Wearhouse business. Again, however, Men’s Wearhouse responded that it was not interested in discussing a potential transaction with Jos. A. Bank. After Jos. A. Bank’s initial proposal was made public, on October 9, Men’s Wearhouse’s stock price increased substantially, trading as high as $47.29 per share. But after rejecting Jos. A. Bank a second time, on November 4, the company’s stock price plunged and opened on November 5 at $42.09 per share. Johnson & Weaver’s investigation will determine whether Men’s Wearhouse directors are acting in the company’s and its shareholders’ best interests by refusing to consider its strategic alternatives, including a possible transaction with Jos. A. Bank. If you are a shareholder of Men’s Wearhouse and would like to learn more about this investigation or your legal rights and remedies, please contact Johnson & Weaver’s lead analyst Jim Baker at 619-230-0063 or by email at email@example.com. Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Contact: Johnson & Weaver, LLP Jim Baker, 619-230-0063 Ext. 118 firstname.lastname@example.org