Jos. A. Bank Confirms Receipt of Unsolicited Acquisition Proposal by Men's Wearhouse
26 Novembre 2013 - 5:00PM
Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB) (the "Company") today
confirmed that it has received an unsolicited, non-binding
acquisition proposal from The Men's Wearhouse, Inc. (NYSE:MW). The
Company said its Board of Directors, with the assistance of its
financial and legal advisors, would evaluate the proposal and
respond in due course.
About Jos. A. Bank
Jos. A. Bank Clothiers, Inc., established in 1905, is one of the
nation's leading designers, manufacturers and retailers of men's
classically-styled tailored and casual clothing, sportswear,
footwear and accessories. The Company sells its full product line
through 629 stores in 44 states and the District of Columbia, a
nationwide catalog and an e-commerce website that can be accessed
at www.josbank.com. The Company is headquartered in Hampstead, MD,
and its common stock is listed on the NASDAQ under the symbol
"JOSB."
Cautionary Note on Forward-Looking
Statements
This press release contains forward-looking statements that are
based on currently available information and current expectations,
estimates and projections about Jos. A. Bank Clothiers, Inc.'s
business. The forward looking statements include assumptions about
our operations, such as cost controls, market conditions, liquidity
and financial condition. Risks and uncertainties that may affect
our business or future financial results include, among others,
risks associated with the economy, weather, public health and other
factors affecting consumer spending (including negative changes to
consumer confidence and other recessionary pressures), higher
energy and security costs, the successful implementation of our
growth strategy (including our ability to finance our expansion
plans), the mix and pricing of goods sold, the effectiveness and
profitability of new concepts, the market price of key raw
materials (such as wool and cotton), seasonality, merchandise
trends and changing consumer preferences, the effectiveness of our
marketing programs (including compliance with relevant legal
requirements), the availability of suitable lease sites for new
stores, doing business on an international basis, the ability to
source product from our global supplier base, legal and regulatory
matters and other competitive factors. Additional factors that
could cause future results or events to differ from those we expect
are those risks discussed under Item 1A, "Risk Factors," in Jos. A.
Bank's Annual Report on Form 10-K for the fiscal year ended
February 2, 2013, Jos. A. Bank's Quarterly Report on Form 10-Q for
the quarter ended May 4, 2013, Jos. A. Bank's Quarterly Report on
Form 10-Q for the quarter ended August 3, 2013, and other reports
filed by Jos. A. Bank with the Securities and Exchange Commission
(SEC). Please read the "Risk Factors" and other cautionary
statements contained in these filings. We undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, the occurrence of certain events or
otherwise. As a result of these risks and others, actual results
could vary significantly from those anticipated in this press
release, and our financial condition and results of operations
could be materially adversely affected.
CONTACT: For Jos. A. Bank - Media:
Thomas Davies/Molly Morse
Kekst and Company
212-521-4873/212-521-4826
thomas-davies@kekst.com
molly-morse@kekst.com
For Jos. A. Bank - Investment Community:
David E. Ullman
EVP/CFO
410-239-5715
Jos. A. Bank Clothiers (NASDAQ:JOSB)
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