Men's Wearhouse declares quarterly cash dividend

REPORT_ Men's Wearhouse Board of Directors has declared a quarterly

cash dividend of 0.18 dollars per share on the company's common stock, payable on June 27, 2014 to shareholders of record at the close of business on June 17, 2014.

It may be recalled that Men's Wearhouse and Jos. A. Bank Clothiers have now agreed upon the acquisition offer by the former for 65 dollars per share in cash, or total consideration of 1.8 billion dollars. Together, Men's Wearhouse and Jos. A. Bank will have more than 1,700 stores in the US, with approximately 23,000 employees and sales of 3.5 billion dollars on a pro forma basis.

Founded in 1973, and headquartered in Fremont, California, Men's Wearhouse is retailer of men's apparel with 1,124 stores. The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a full selection of women's apparel. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.