Mason Capital Management Initiates 6% Stake in Men’s Wearhouse (MW)

In a recent filing with the Securities and Exchange Commission, Mason Capital Management LLC, led by Kenneth Mario Garschina, has disclosed initiating a stake in Men’s Wearhouse Inc (NYSE:MW). The passive stake contains 3.0 million shares, which represent around 6.4% of the company’s shares outstanding.

The Men's Wearhouse, Inc. (NYSE:MW)

Men’s Wearhouse Inc (NYSE:MW) is a specialty retailer of men’s suits and a provider of tuxedos on a rental basis. It is primarily focused on the markets of the United States and Canada. It has a market cap of $2.6 billion and is head quartered in Texas.

The company is currently negotiating with Jos. A. Bank Clothiers Inc. (NASDAQ:JOSB), another men’s apparel retailer, who is planning to acquire it for a total of $1.8 billion, after previously offering $1.6 billion and $1.5 billion. Jos. A Bank rejected the offer, which it called inadequate, and said it would seek proposals from larger rivals with higher bids to offer.

Other stakeholders of Men’s Wearhouse Inc include Ricky Sandler’s Eminence Capital, which holds 4.7 million shares, followed by Tiger Consumer Management, led by Patrick Mccormack, who owns 2.1 million shares. Eminence is one of the activist funds that supports the acquisition of Jos. A Bank Clothiers, in which it also holds a roughly 5% stake.

Mason Capital Management LLC has an affinity towards the basic materials sector. The fund also has investments in other sectors like technology, industrial goods and healthcare. Mason Capital Management has around $8.0 billion in assets under management. It was founded by Kenneth Mario in 2000 and is headquartered in New York. The total portfolio value of Mason Capital is $5.5 billion.

In January, the fund boosted its stake in Hubbell Incorporated (NYSE:HUB.A) to around 630,500 shares from 493,900 shares held earlier. Mason Capital now holds 8.8% of the company’s class A shares.

Some of the largest investments of the fund as at the end of the fourth quarter of 2013 involve Energy Transfer Equity LP. (NYSE:ETE), in which Mason Capital owns approximately 6.9 million shares worth $565.9 million. The fund also holds 13.8 million shares of Vodafone Group Plc (ADR) (NASDAQ:VOD), with a reported value of $543.8 million. The third largest stake of Mason Capital is YPF Sociedad Anonima (ADR) (NYSE:YPF), of which it owns 16.1 million shares worth $530.8 million.

Disclosure:none

Recommended Reading:

Hedge Fund News: Edward Lampert, Bill Ackman & David Harding

Derek C. Schrier and Indaba Capital Management’s Top Stock Picks

GLG Partners Boosts Exposure to Yongye International (YONG)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!