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Jos. A. Bank Clothiers Inc.

Top Men's Wearhouse investor demands negotiations

Top Men's Wearhouse investor demands negotiations

Men's Wearhouse disclosed Thursday that its largest shareholder has demanded the company negotiate with Jos. A. Bank Clothiers over the Hampstead-based retailer's acquisition offer. New York hedge fund Eminence Capital, which owns 9.8 percent of Men's Wearhouse stock, said in a letter Thursday that it wants the company to "immediately" start talks with Bank and consider alternatives, such as soliciting other bids. "We intend to exercise our rights as shareholders to hold you accountable if you fail to take these actions by close of business on November 11th," wrote Ricky C. Sandler, Eminence Capital's chief executive. The Houston-based Men's...