The Men's Wearhouse Buyback
OLI recorded this information on 7/23/2013
The Men's Wearhouse
$Amount Announced Repurchased:
The Men's Wearhouse (NYSE: MW) ("the Company") today announced that after market close on July 22, 2013, it entered into an agreement with JPMorgan Chase Bank, NA, to repurchase $100 million of the Company's common shares under an accelerated share repurchase program. Men's Wearhouse will acquire these common shares under its $200 million share repurchase authorization announced on March 13, 2013.
The Men's Wearhouse is a retailer of men's suits and a provider of tuxedo rental products in the U.S. and Canada. Co.'s U.S. retail stores operate under the brand names of Men's Wearhouse, Men's Wearhouse and Tux, Jos. A. Bank and K&G. Co.'s Canadian stores operate under the brand name of Moores Clothing for Men. Co. also conducts retail dry cleaning, laundry and heirlooming operations through MW Cleaners. Additionally, Co. operates two corporate apparel providers, its U.K.-based operations, and its Twin Hill operations in the U.S. These operations provide corporate clothing uniforms and workwear to workforces. Co. has two reportable segments: retail and corporate apparel.
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Hold (2.00 out of 4)
(ranked higher than approx. 74% of all stocks covered)
Based on Zacks ABR data;
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