Feb. 14 - Antony Currie and Rob Cyran explain how Jos. A. Bank's wacky bid for Eddie Bauer is actually a risky ploy to get Men's Wearhouse to up its offer for the rival suit seller.
-- that a man's pleasing and Manning deal would go on of this long and gets a complicated ropes or use collegiate golf club in making it. The men's warehouse it's just a bank can now go to the island deal it's gone beyond ridiculous it's. So that if we just saw we had just say thank goodness she's saying we will -- by the -- -- warehouse men's last time -- the senator says it will fight he'd. And I both it's yet another growth thing I would over the we're not sure there's also. Related consent to get a BC -- yet cheap suit him novelist. -- -- Now today we find -- we knew what we we've had a week or -- ago which would have just east of the banks they came out may be agreed to by Eddie Bauer which I policy makers and yet doesn't really quite fit in at all. And they're paying above market prices -- in that big an issue stock it slightly above their current price ideas lecture and then they're also doing something really particular they're gonna buy back an equivalent chunk of stock at 20% premium to the current market price a case that say they gonna. They get it if she stops in the in his growth of eighty about it yet 56 bucks a share which is which is discount not actually slipped into British -- -- And then they're gonna buyback 16% of the company at a 20% premium to the current market price but it which is so that four of which is against the president antsy -- that why. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Jose banks paid full Men's -- and that's -- that's organized -- Guess that's why do we think that doing what what what is just that management will look let's start person what they say they say the reason they're doing it because -- -- too much shares they want him back to shareholders. And of course you know and and the company's worth at sixty publishers and makes cents. Of course -- -- so we think I mean I don't see apple going out there buying back their stock and a thousand bucks a share in night if you do you sending. But to -- when it's blowing it makes sense that you eat the shareholder you have had for using puppets want to reduce the -- out not just give money back. But it seems what they were really trying to do is there's a 48 million dollar brake -- so -- just -- bank at any time -- and they want to they can take actually you know it. There's a better deal -- table Men's Wearhouse. Let's forget about this man any parity let's forget about the buyback instead here's forty million dollars golden gate capital and that the owners -- -- Garcia please walk away. So great it's this could -- its -- yet it's not that -- -- the CEO just about run at the beginning of the sockets that. I'd be happy people -- -- it says that East China Sea side of the poison pill an anti -- way and give a little bit of money says he says the people who can help him by. And with them in the first place and he's basically banking. I Men's -- and yet and be really amusing if that's all blow up and then in that actually having a baby Bauer and buying back the stock at a nice chunky premium incidents -- -- and -- and it would be funny. Let's try it would be funny -- just event but then. It's just a backstop collapses -- wealth comes in I don't cheat gets rid of any acts and things that they live by the but it just -- it be to be -- -- -- Also because I put a string that became rough thanks very much that I'm will be back next week -- frequencies.