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rote that some investors were angry, as they supported Zimmer in an attempt to get a deal done somewhere in the mid 40s. In fact, Jos. A. Bank is now offering $48 per share, so undoubtedly a large group of investors is probably eager to tender at these levels, after shares were trading as low as $30 at the start of the year.
I concluded to stay on the sidelines as only the transformed business model or a take out create instant value for shareholders. In that respect I am surprised by the proposal from Jos. A. Bank.
Besides citing undervaluation,
cheap Michael Kors Stud Quilted Large Grey Totes management and the board of Men's Wearhouse reacted negatively to the deal, most likely because the company is under threat to be taken over by its much smaller competitor. Note that Jos. A. Bank only generates 40%
cheap Michael Kors Striped Travel Large Green Totes of the annual revenues of Men's Wearhouse.
Both companies have seen cheap Michael Kors Hamilton Large Coffee Totes some weakness in recent times, on the back of weakness driven by cautious retail spending and intense competition. A possible deal, if passed by regulators could diminish competition and cheap Michael Kors Ostrich-Embossed Large Grey Totes result in huge synergies, being a major boost to Jos. A. Bank's shares. This has already been partially reflected in the reaction
cheap Michael Kors Selma Jewel Trim Large Fuchsia Totes of the market on Wednesday, bidding up the combined value of both firms by some $700 million.?Shopping for Designer Bargains in Rome Ita
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