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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!