NEW YORK, Nov. 12, 2013 /PRNewswire/ -- Eminence Capital, LLC, which owns 9.8% of the common stock of The Men's Wearhouse, Inc. (NYSE: MW) and is the single largest shareholder, today sent the following letter to the company regarding a business combination with Jos. A. Bank Clothiers, Inc. (NASDAQ: JOSB) or other strategic alternatives.*
November 12, 2013
Mr. Doug Ewert Chief Executive Officer The Men's Wearhouse, Inc. 6380 Rogerdale Road Houston, Texas 77072
Thank you for your call yesterday. We were encouraged by your comments, specifically your assurances that the Board of Directors of The Men's Wearhouse, Inc. (MW) takes its fiduciary duties seriously and that you instructed your financial advisors to review for the Board all strategic options available to the company, including a significant return of capital to shareholders and a merger with Jos. A. Bank Clothiers, Inc. (JOSB). We strongly encourage you to promptly complete your review process and inform investors of your progress. We also fully expect you and the Board, given the explicit commitment to explore all options, to actively engage with JOSB before their deadline of November 14, 2013.
We and all the other shareholders of Men's Wearhouse look forward to a public progress report in the coming days.
/s/ Ricky C. Sandler
Ricky C. Sandler Chief Executive Officer Eminence Capital, LLC
*Eminence Capital's first letter to The Men's Wearhouse was sent on November 7 and can be found at http://www.sec.gov/Archives/edgar/data/1107310/000090266413003597/0000902664-13-003597-index.htm.
About Eminence Capital, LLC
Eminence Capital, LLC is an asset management firm founded in 1998 that currently manages approximately $4.6 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/Catherine Jones ASC Advisors LLC (203) 992-1230
SOURCE Eminence Capital, LLC