a bad day for shareholders - with an acquisition by MW now off the table and some bad Q4 figures
the potential longer term benefits of the Eddie Bauer deal (which doesn't look like an exact fit) are outweighed by a giant amount. The self-tender offer might provide some share price protection but actually I would expect multiple downgrades and a double digit share price decline which might hit up to 20% today.
If the EB deal closes, JOSB will plummet as soon as the self-tender is over. This is a desperate and pathetic attempt by JOSB's mgmt to entrench itself at the expense of shareholders. Hope Eminence does something to stop the morons running JOSB.