Eminence Capital LLC, a key shareholder in both Men’s Wearhouse Inc (MW.N) and Jos. A. Bank Clothiers Inc (JOSB.O), said it would seek a court ruling to prevent Jos. A. Bank from refusing to discuss a $1.61 billion takeover offer from Men’s Wearhouse.
The New-York based asset management firm — which owns about 10 percent of Men’s Wearhouse and about 5 percent of Jos. Read more
Posted in Deals
Tagged bank, jos, men
LONDON/MILAN — The top managers at Italy’s Monte dei Paschi di Siena (BMPS.MI) are not expected to go through with threats to resign at a board meeting on Tuesday despite being forced to delay a vital fundraising, investment bankers close to the matter said.
Chairman Alessandro Profumo and Chief Executive Fabrizio Viola both threatened to resign last month after their proposal for an immediate 3 billion-euro ($4 billion) share sale was voted down at a shareholder meeting.
Posted in Italy
Tagged monte, paschi, with
TOKYO — Honda Motor Co (7267.T) warned auto demand is cooling in emerging markets and especially Southeast Asia, but Japan’s third-biggest carmaker remained upbeat about its prospects and said it aims to sell a record 4.5 million vehicles or more in 2014.
Honda said new, smaller models would help it to maintain strong sales growth in some key emerging markets like Indonesia and India where industry-wide demand has been ebbing.
Posted in Total
Tagged honda, its, sales
BASEL — Novartis (NOVN.VX) kept pay for its Chief Executive Joe Jimenez steady, after cutting it last year before a Swiss vote to force companies to accept shareholder limits on executive rewards.
The Basel-based drugmaker, typically the first Swiss blue-chip company pay to disclose pay, said on Wednesday Jimenez was paid 13.2 million Swiss francs ($14.69 million) in total for 2013, more than 3 million francs of it in cash.
Posted in News
Tagged francs, million, pay