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Friday, January 3, 2014

Jos. A. Bank lowers poison pill trigger to 10 pct, (NYSE: MW)

Jos. A. Bank Clothiers Inc has lowered the trigger for its shareholder rights plan to 10 percent from 20 percent of its common shares, less than two weeks after rejecting a $1.5 billion counter bid by Men's Wearhouse Inc. Jos. A. Bank said the board made the decision to ensure that its rights agreement has the same trigger as that of Men's Wearhouse's rights plan.

The Men's Wearhouse, Inc. is a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. Shares of MW remained unchanged at $50.40. In the past year, the shares have traded as low as $27.47 and as high as $52.72. On average, 1407510 shares of MW exchange hands on a given day and today's volume is recorded at 0.



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