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Men's Wearhouse reaches deal to buy Jos. A. Bank for $1.8 billion (Video) Menâ€™s Wearhouse Inc. has reached a deal to acquire Jos. A. Bank Clothiers Inc. for $65 per share, ending a five-month soap opera between the two rival retailers.
The $1.8 billion cash deal comes after Jos. A. Bank (NASDAQ: JOSB) said in late February it would be willing to talk with Menâ€™s Wearhouse(NYSE: MW) about a deal. Hampstead-based Jos. A. Bank had rejected multiple offers from Men's Wearhouse, saying the bids were "inadequate."
Jos. A. Bank started the back and forth between the two,â€¦
Wed, 12 Mar 2014 10:32:00 +0000 Bankers association, financial companies among top 25 political donors We all know money and politics have mixed and mingled for years. Now we have a 25-year view of the top 25 campaign contributors to federal elections, thanks in part toÂ research by Veronique de Rugy at the Mercatus Center at George Mason University.
Pulling data from the Center for Responsive Politicsâ€™ OpenSecrets.org database, de Rugy's list shows theÂ American Bankers Association and financial services giants Goldman Sachs, Citigroup Inc. and JPMorgan Chase & Co. among the big political donorsâ€¦
Wed, 12 Mar 2014 10:27:00 +0000 NY to purchase nearly 8,500 acres formerly owned by upstate paper maker The state will pay $5.7 million to acquire 8,451 acres of forest land stretching across four upstate NY counties that was formerly owned by Finch Pruyn & Co. paper manufacturing company.
The property, currently owned by The Nature Conservancy, includes rivers, streams and woodlands in Essex, Fulton, Hamilton and Warren counties.
The acquisition will be financed through the state's Environmental Protection Fund.
Here's the announcement from Gov. Andrew Cuomo's office:
Wed, 12 Mar 2014 10:20:00 +0000 U.S. business executives say there's zero chance of tax reform U.S. businesses are growing increasingly uneasy regarding global competitiveness, and a new survey shows that executives have no confidence that federal tax reform will occur this year.
A survey of tax officers at large U.S. companies by Washington, D.C. lawfirm Miller & Chevalier shows that not one respondent projects that tax reform will happen in 2014, while many agree that reducing the statutory tax rate would be a game changer in the global marketplace.
More than three quarters of the taxâ€¦
Wed, 12 Mar 2014 10:16:00 +0000 Six Flags Over Georgia to hire nearly 3,000 for 2014 season Six Flags Over Georgia is in the middle of a two-week hiring spree leading up to opening day on Saturday. The park in Cobb County plans to hire nearly 3,000 workers.
In addition, Six Flags White Water in Marietta plans to hire more than 600 seasonal employees. The water park opens May 17.
To work for Six Flags, apply online at sixflagsjobs.com. All applicants must be at least 16 years old. Qualified applicants will be contacted by a park representative for on-site interviews, reports Atlanta Businessâ€¦
Wed, 12 Mar 2014 10:16:00 +0000 Men's Wearhouse reaches deal to buy Jos. A. Bank for $1.8B Menâ€™s Wearhouse Inc. has reached a deal to acquire Jos. A. Bank Clothiers Inc. for $65 per share, ending a five-month soap opera between the two rival retailers.
The $1.8 billion cash deal comes after Jos. A. Bank (Nasdaq: JOSB) said in late February it would be willing to talk with Menâ€™s Wearhouse(NYSE: MW) about a deal. Hampstead-based Jos. A. Bank had rejected multiple offers from Menâ€™s Wearhouse, saying the bids were â€śinadequate.â€ť
Jos. A. Bank started the back and forth between theâ€¦