Takeovers

JetBlue Airways and Alaska Air Group have both made offers.

Earlier this week, the Los Angeles-based company received a $300 million bid from a group of investors who are backing the return of Dov Charney.

The board said it 'unanimously rejected" the offer, because it "substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects."

At least one report says that the company has hired advisers to rebuff a takeover bid.

With supposedly only $100,000 in his bank account, majority shareholder Charney told a reporter he is going after all those who did him wrong.

With its stock at a five-year high, men's apparel retailer Men's Wearhouse has decided to turn the tables on its smaller rival.