Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ricky Sandler, Eminence Capital Go Activist On The Men’s Wearhouse

Ricky Sandler‘s Eminence Capital just revealed that it holds a 9.8% stake in The Men’s Wearhouse, Inc. (NYSE:MW). Sandler is a known activist, and shares are up over 8% on the news. Also, Eminence sent a letter to the company’s Board of Directors, expressing its disappointment with the board’s reply to the proposal from Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), which offered to acquire The Men’s Warehouse for $48 per share.

Ricky Sandler

“We agree with the Board that the proposed $48 share price undervalues MW both for its stand-alone prospects and for its fair share of the merger synergies. However, we know from historical M&A practice that acquirers rarely put forth their best price in their first offer,” the fund said.

The whole letter can be accessed through the link below:

Eminence Capital Letter to The Men’s Warehouse

Disclosure: none

Recommended Reading:

Why Carl Icahn Is Dead Wrong About Apple

Brown Capital Management Now Owns 8.4% of Quidel Corporation

Willow Creek Capital Discloses New 9.99% Stake in ERF Wireless

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!