Company News: Jos. A. Bank, Men's Wearhouse, CEO Pay, Rogers Communications, Boeing, Tiffany
The hunter becomes the hunted in the takeover scuffle between Jos. A. Bank and Men’s Wearhouse; Swiss voters reject a CEO pay cap proposal; and more
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• In the bargain-suit business, the hunted has become the hunter. Less than two weeks after rebuffing a bid from Jos. A. Bank, Men’s Wearhouse has turned around and offered to buy its rival at $55 a share. Although Men’s Wearhouse is roughly twice the size of its target by sales and number of stores, Jos. A. Bank has more cash on hand and has been much more profitable in recent years.