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US: Eddie Bauer enters menswear merger feud

 |  February 3, 2014

As Jos. A. Bank looks to contest a buyout bid from rival Men’s Wearhouse – an offer made to counter Jos. A. Bank’s original buyout offer – reports say third competitor Eddie Bauer is entering the picture.

Jos. A. Bank is reportedly in talks to acquire Eddie Bauer, sources said, as Jos. A. Bank sent a letter to Men’s Wearhouse last weekend slamming merger efforts.

The letter, reports say, accused Men’s Wearhouse of failing to disclose all potential antitrust issues of an acquisition.

The saga of menswear mergers has lasted for months as Jos. A. Bank made the first move with a $2.3 billion buyout offer for Men’s Wearhouse last fall.

Only weeks later, Men’s Wearhouse made a counterbid for Jos. A. Bank with a $1.6 billion offer.

Full Content: Boston Globe

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