Rival menswear retailers Men’s Wearhouse and Jos. A. Bank are reportedly in merger talks following rival bids and public feuding.
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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Walmex Awaits Antitrust Ruling as Mexican Regulator Probes Alleged Practices
Oct 8, 2024 by
CPI
Crypto.com Sues SEC, Alleging Regulatory Overreach in Crypto Industry
Oct 8, 2024 by
CPI
Elite US Universities Face New Antitrust Suit Over Financial Aid Practices
Oct 8, 2024 by
CPI
Kirkland & Ellis Strengthens Antitrust Practice with New Partner from FTC
Oct 8, 2024 by
CPI
TikTok Hit with Lawsuits from 13 US States and DC
Oct 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh