Is $65 Per Share the Perfect Fit for Jos. A. Bank?
March 11 (Bloomberg) –- Men’s Wearhouse agreed to buy Jos. A. Bank Clothiers for about $1.8 billion in cash, ending a five-month takeover battle between the two menswear retailers. Cristina Alesci reports on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)
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Exchange Income CEO Fights Back Against Short Seller
36:50 - Exchange Income released its second-quarter results three weeks in advance in order to dispel some of the negative sentiment after short-seller Marc Cohodes targets the company. Double-digit earnings and revenue growth, however, weren’t enough to soothe investors. CEO Mike Pyle joins Bloomberg TV Canada's Lily Jamali to defend his company from short sellers' claims. (Source: Bloomberg)