The plainspoken billionaire founder of York Capital Management, a hedge fund with $21 billion of assets under management, provided his three rules for investing and three of his favorite stocks.» Read More
*Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. RF Micro Devices Inc agreed to buy TriQuint Semiconductor Inc for about $1.6 billion, while Men's Wearhouse Inc raised its cash tender offer for rival men's clothing retailer Jos.
*Emerging markets in focus after Ukraine president ousted. *Men's Wearhouse raises offer for Jos. *Netflix shares fall, to pay Comcast for faster speeds.
Men's Wearhouse said it has raised its cash tender offer for rival men's clothing retailer Jos. A. Bank Clothiers to $63.50 per share from $57.50.
A. Bank and rival Men's Wearhouse Inc. Eminence is the top shareholder in Men's Wearhouse. A. Bank and Men's Wearhouse- both of whom are known for renting and selling tuxedos- have made and spurned offers for each other over the past few months. A Bank rejected a $1.6 billion offer from Men's Wearhouse.
*Major indexes on track for 2nd straight week of gains. A. Bank to buy Eddie Bauer. NEW YORK, Feb 14- U.S. stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.
Jos. A Bank has fended off suitor Men's Warehouse by purchasing Eddie Bauer. But the deal will need to be executed perfectly to succeed.
A. Bank to buy Eddie Bauer. NEW YORK, Feb 14- U.S. stocks rose modestly on Friday, with the S&P 500 on track for its first two-week winning streak of the year, as investors were once again willing to overlook some soft economic data stemming from bad weather.
*Euro zone growth edges higher on France, Germany. A. Bank to buy Eddie Bauer. *Investors will also eye the preliminary February Thomson Reuters/ University of Michigan Surveys of Consumers at 9:55 a.m..
Feb 14- Men's Wearhouse Inc and Jos. A. Bank Clothiers Inc are engaged in a protracted battle over who should play the lead role in creating an entity that would sell suits and rent tuxedos from about 1,700 stores in North America. Men's Wearhouse turned the tables in November with a $1.5 billion counterbid, which it raised in January to $1.61 billion.
Feb 14- Men's clothing retailer Jos. A. Bank Clothiers Inc, the target of an unwelcome bid from rival Men's Wearhouse Inc, said it would buy outdoor clothing retailer Eddie Bauer for $825 million in its latest effort to stay independent.
Feb 14- Men's clothing retailer Jos. A. Bank Clothiers Inc said it would buy outdoor wear specialist Eddie Bauer for $825 million from private equity firm Golden Gate Capital.
Some of Monday's midday movers:
NEW YORK, Feb 2- Jos. A. Bank Clothiers Inc on Sunday rejected yet another offer by rival Men's Wearhouse Inc, the latest in a prolonged acquisition battle between the two men's clothing retailers. In response to Men's Wearhouse offer last week that it is open to sweetening its spurned buyout offer under certain conditions, Jos.
The men's clothier is in talks to buy Eddie Bauer from private equity owner Golden Gate Capital, according to a source.
Some of Thursday's midday movers:
Jan 30- Men's Wearhouse Inc said it was open to sweetening its spurned buyout offer for Jos. A. Bank Clothiers Inc- under certain conditions- and called on independent directors of the smaller men's clothing chain to reconsider its bid.
Jan 30- Suit retailer Men's Wearhouse Inc said on Thursday it was prepared, under certain conditions, to increase its offer for rival Jos. A. Bank Clothiers Inc. A. Bank's independent directors, Men's Wearhouse said it could raise its $1.61 billion, or $57.50 per share, offer if additional value was discovered through discussions or limited due diligence.
Some of the names on the move ahead of the open.
Jan 17- Suit retailer Jos. A. Bank Clothiers Inc's board urged shareholders to reject a $1.61 billion hostile bid from Men's Wearhouse Inc, calling it inadequate and opportunistic. In response, Men's Wearhouse called on Jos. Men's Wearhouse also urged Jos.
Jos. A. Bank's board recommended that the company's shareholders reject a $1.61B hostile bid from Men's Wearhouse, calling it inadequate.