Employees Often End Up The Losers In Activist Investing Campaigns
Experts say that while activist investing campaigns can be great for shareholders, they often result in job losses, stagnating wages, and increased hours for employees. One such example can be seen in the impending integration of Jos. A. Bank into Men's Wearhouse, a merger that resulted from a fiercely contested activist investing campaign.
Men's Wearhouse Finally Reaches $1.8 Billion Deal To Acquire Jos. A. Bank
In reaching an agreement today to acquire Jos. A. Bank for $65 per share, Men's Wearhouse has ended the months-long battle to merge the two suit retailers. The combined companies will have over 1,700 stores in the U.S. and sales of $3.5 billion.