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US: Jos. A. Bank, Men’s Wearhouse pursue merger after all

By  |  March 3, 2014

Rival menswear retailers Men’s Wearhouse and Jos. A. Bank are reportedly in merger talks following rival bids and public feuding.

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    Reports say Men’s Wearhouse revealed it is in merger talks with its rival to exchange financial data in hopes for a possible merger.

    The revelations follow Jos. A. Bank’s rejection of a Men’s Wearhouse buyout bid late last week; Jos. A. Bank started the bidding wars between the companies last October with its own offer for Men’s Wearhouse, which promptly rejected the offer and countered it with one of its own.

    Since, Men’s Wearhouse has raised its offer to $1.5 billion; reports say the most recent attempt likely reaches $1.8 billion.

    Jos. A. Bank recently inked a deal to acquire third rival Eddie Bauer in an $825 million acquisition; that deal can be dropped, however, if Men’s Wearhouse ends up acquiring Jos. A. Bank.

    Full Content: CNN

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