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)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

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!