Men's Wearhouse will explore strategic options, activist says

Tue Nov 12, 2013 12:50pm EST
 
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NEW YORK (Reuters) - Hedge fund Eminence Capital LLC on Tuesday said Men's Wearhouse Inc MW.N would explore strategic options, including a merger with Jos. A. Bank Clothiers Inc JOSB.O.

Eminence said in a letter to the retailer's chief executive officer, Doug Ewert, that Men's Wearhouse's financial advisors were instructed to review all strategic options available to the company.

"We also fully expect you and the board, given the explicit commitment to explore all options, to actively engage with Jos. A. Bank before their deadline of November 14, 2013," the letter said.

Eminence disclosed in a filing on November 7 that it holds 4.7 million shares, making it Men's Wearhouse's largest shareholder.

(Reporting by Nadia Damouni; Editing by Lisa Von Ahn)

 
The Men's Wearhouse sign is seen outside its store in Westminster, Colorado September 11, 2013. REUTERS/Rick Wilking