By Dow Jones Business News,
January 21, 2014, 08:25:00 AM EDT
Eminence Capital LLC nominated two candidates to Jos. A. Bank Clothiers Inc.'s board, as the hedge fund continues to
press for a deal between the men's clothing retailer and rival Men's Wearhouse Inc.
Eminence named Norman S. Matthews, former president of Federated Department Stores, and Bruce J. Klatsky, former
chairman of PVH Corp., as potential Jos. A. Bank board members.
Men's Wearhouse and Jos. A. Bank have been trading takeover offers, though a deal hasn't materialized. In one of the
latest efforts, Men's Wearhouse raised its bid for Jos. A. Bank to about $1.6 billion and said it plans to nominate two
candidates to Jos. A. Bank's board. Jos. A. Bank last week called on shareholders to reject the takeover offer, calling
Earlier this month, Eminence said it would nominate two people to the board, but on Tuesday reiterated that it would
withdraw its nominees and support Men's Wearhouse's slate if those candidates are still in the running at the time of
Jos. A. Bank's annual meeting.
Eminence Capital has a nearly 10% stake in Men's Wearhouse and a nearly 5% stake in Jos. A. Bank.
A Jos. A. Bank representative wasn't immediately available.
Jos. A. Bank shares closed Friday at $56.49, while Men's Wearhouse shares closed at $50.45.
Write to Ben Fox Rubin at email@example.com
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