NEW YORK, Feb. 24, 2014 /PRNewswire/ -- Eminence
Capital, LLC, which owns 4.9% of the common stock of Jos. A. Bank
Clothiers, Inc. (JOSB), today issued the following statement in
support of the new, superior offer by The Men's Wearhouse, Inc.
(MW) for the Company:
"We are extremely pleased that Men's Wearhouse has made a full
and fair offer for Jos. A. Bank," said Ricky C. Sandler, Chief Executive Officer. "We
have maintained all along that the combination of these two great
companies is the best outcome for all shareholders. We believe this
offer clearly represents a superior alternative for Jos. A. Bank
shareholders compared to remaining independent and acquiring
Eddie Bauer. If the Board of Jos. A.
Bank properly fulfills its fiduciary duty, we expect it will come
to the conclusion that it should accept this offer to merge with
Men's Wearhouse and move ahead with the limited confirmatory due
diligence requested by Men's Wearhouse to solidify $65 per share offer price."
Additional Information Regarding the Proxy
Solicitation
In connection with its solicitation of proxies
for the 2014 Annual Meeting of Jos. A. Bank Clothiers, Inc.
("JOSB"), Eminence Capital, LLC intends to file a proxy statement
on Schedule 14A and other relevant documents with the
SEC. Investors and security holders are urged to read the
preliminary proxy statement in its entirety and the definitive
proxy statement and other relevant documents when they become
available, because they will contain important information
regarding the proxy solicitation. The preliminary and
definitive proxy statement and all other relevant documents will be
available, free of charge, on the SEC's website
at www.sec.gov.
The following persons are participants in any such proxy
solicitation: Eminence Capital, LLC, Eminence GP, LLC, Ricky C. Sandler, Bruce
J. Klatsky and Norman S.
Matthews. Investors and security holders of JOSB can
obtain additional information regarding the direct and indirect
interests of the participants by reading the materials to be filed
today under cover of Schedule 14A with the SEC.
About Eminence Capital, LLC
Eminence Capital, LLC is
an asset management firm founded in 1998 that currently manages
approximately $4.9 billion on behalf
of institutions and individuals. The firm employs a bottom-up,
research-driven investment strategy that utilizes a combination of
industry research, rigorous financial analysis and dialog with
company management to execute its investment process.
For More Information Contact:
Scott Tagliarino/Samantha Leon
ASC Advisors LLC
(203) 992-1230
SOURCE Eminence Capital, LLC