Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) agreed to meet with Men’s Wearhouse Inc. (MW:US) to discuss a potential merger after rejecting a sweetened $1.78 billion bid from the fellow menswear chain. Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) stock opened at $62.60 in last session, and closed at $62.08, while the day range of stock is $61.50 -$62.66. The stock showed a positive weekly performance of 12.77%.
Men’s Wearhouse, Inc. (NYSE:MW) told Jos. A. Bank on Friday it needs more information before the rival men’s clothing retailers can hammer out an acquisition agreement. The Men’s Wearhouse, Inc. (NYSE:MW) stock opened at $52.30, in last session and closed at $53.79, by gaining 6.68%. The 52 week range of the stock is $27.47 – $54.38. Company’s market capitalization is $2.55 billion.
Moody’s Corporation (NYSE:MCO) had last week announced a conditional open offer to acquire up to 26.5 lakh equity shares of Icra through an open offer. Moody’s Corporation (NYSE:MCO) stock advanced 0.14% and finished the last session at $79.00. The EPS of the stock remained 3.60. Company’s market capitalization is $16.99 billion.
B. Riley assumed coverage on shares of Microsoft Corporation (NASDAQ:MSFT) in a report released on Thursday,TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $39.00 price objective on the stock. Microsoft Corporation (NASDAQ:MSFT) stock opened the session at $37.98, and closed the session at $38.31. The 52 week range of the stock remained $27.52 – $38.98 and the day range was $37.82 – $38.46.