October 9, 2013 |
Men's Wearhouse Inc. has a suitor who wants to pay $2.3 billion to take over the retailer, but the menswear company is having none of it. Saying that the bid from Jos. A. Bank Clothiers Inc. “significantly undervalues” the chain, Men's Wearhouse rejected the nonbinding proposal Wednesday. Hampstead, Md,-based Jos. A. Bank said in a statement that it had made its offer on Sept, 18, several months after Men's Wearhouse removed its founder and longtime spokesman, George Zimmer, as executive chairman.
October 7, 2013 |
BlackBerry shares are up about 3.6% thanks to a report that says several major tech players are interested in buying parts or all of the struggling Canadian phone maker. Google, Samsung, Cisco, Intel, SAP and LG are all among the tech companies interested in buying up BlackBerry, according to Reuters . Citing unnamed sources, Reuters said any deals involving the companies listed above would be alternatives to the preliminary agreement BlackBerry already has in place with Fairfax Financial Holdings, which is willing to pay $4.7 billion for all of BlackBerry.
September 25, 2013 |
Local bureaucracy seems to have gotten the upper hand on a white-supremacist's plot to take over a small town in North Dakota. Paul Craig Cobb, 61, made headlines after news broke of his secret plot to amass white supremacists in Leith, N.D., and win control of the hamlet by buying up property and winning local elections. But now Cobb's home in Leith could be condemned after he failed to submit plans for sewage and running water to the county government, according to the Bismarck Tribune.
September 24, 2013 |
Walter White's crystal meth empire spreads from the American Southwest to the Czech Republic. On Monday, the drug lord conquered one last territory: "Conan. " For fans already dreading Sunday night, when the Emmy-winning AMC drama will head off to the great meth lab in the sky, Conan O'Brien helped alleviate the pain of saying goodbye with an all-"Breaking Bad" episode of his talk show. EMMYS 2013: Full coverage | Arrivals | Top winners & nominees Fresh off multiple Emmy victories , series creator Vince Gilligan and the show's large ensemble yukked it up with O'Brien and his sidekick, Andy Richter.
September 13, 2013 |
MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., has authorized a $75-million stock repurchase plan and announced a dividend designed to protect the company from a hostile takeover. Privately held MGM said the move was not being adopted in response to a "known effort" to acquire the company. The Beverly Hills-based film and television studio, which emerged from bankruptcy in December 2010, unveiled a dividend for one "purchase right" for each outstanding share of its Class A and B common stock.
September 9, 2013 |
After months of bitter fighting over the future of computer maker Dell Inc., Carl Icahn said in a sharply worded letter Monday that he was giving up. That appears to clear the way for Chief Executive Michael Dell to take the company he founded private during a shareholder vote set for Thursday. But Icahn didn't go quietly. He directed some final jabs at Michael Dell, reiterating that he still thought the founder's buyout offer was too low, and compared the company's board -- which postponed the shareholder vote numerous times and changed the voting rules to better Michael Dell's takeover chances -- to a dictatorship.