Men's Wearhouse-Moores marriage stitched back together

Article Abstract:

Men's Wearhouse Inc., a Fremont, CA-based firm, has decided to resume merger talks with Moores Retail Group Inc. of Montreal, Quebec, by agreeing to combine its operations with the latter via a stock deal valued at a maximum of $69 million. The two firms decided to terminate their $72-million merger deal in October 1998 due to a volatile stock market. Under the new deal, Men's Wearhouse is expected to takeover operations of Moores Retail by issuing 2.5 million to 2.75 million shares and assuming debt of approximately C$90 million.

Comment:

Resumes talks w/ Men's Wearhouse, agreeing to merge w/ latter via stock deal valued at a maximum of $69 million

Males' Clothing, Retail, Men's Clothing Stores, Men's Wearhouse Inc., Article, Moores Retail Group

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Pattison believed in talks for Secord

Article Abstract:

Laura Secord Inc., which is a chocolates store chain, may be acquired by Vancouver, BC-based Jim Pattison Group. Industry analysts said that Laura Secord, which is owned by Chicago, Ill.-based Archibald Candy Corp., may also get bids from Ganong Brothers Ltd.

Chocolate and Confectionery Manufacturing from Cacao Beans, Chocolate and cocoa products, Chocolate & Cocoa Products, Candy, nut, and confectionery stores, Candy Stores, Confectionery and Nut Stores, Chocolate industry, Archibald Candy Corp., Laura Secord, Jim Pattison Group, Ganong Brothers Ltd.

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U.S. parent bids for Sears Canada

Article Abstract:

The plans of Sears Holdings Corp. to acquire Sears Canada Inc., for $834.5 million, are presented.

Department Stores, Sears Canada Inc., Sears Holdings Corp., SHLD

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