The USD1.5 billion acquisition bid Men's Wearhouse Inc offered to Jos. A. Bank Clothiers Inc was the former's form of retaliation after receiving pressure from its largest shareholder Eminence Capital LLC to accept the takeover bid Jos A Bank extended earlier.
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Tobias Meyer, Sotheby's chief auctioneer, left the auction house prior to his end of contract a week after spearheading the company's biggest sale, which was Andy Warhol's "Silver Car Crash" for USD104.5 million.
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