Activist Affirms Proxy Plans After Jos. A. Bank's Bauer Buy

Law360, New York (February 18, 2014, 8:11 PM EST) -- New York hedge fund Eminence Capital LLC on Tuesday affirmed its proxy fight plans for control of the board at Jos. A. Bank Clothiers Inc., saying the company's recent decision to acquire Eddie Bauer for $825 million is a “poor strategic decision.”

The investor tore into the retailer's case for striking the deal — announced on Friday — and bore down on its argument that a proposed $1.6 billion merger with rival Men's Wearhouse Inc. is a better option. Jos. A. Bank has repeatedly rejected overtures...
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