The merger battle between menswear retailers Jos. A. Bank and Men’s Wearhouse has come to a close as the Federal Trade Commission gave its approval for Men’s Wearhouse to acquire its rival.
The merger followed months of debate between the two companies over which would acquire the other. Jos. A. Bank had originally looked to acquire Men’s Wearhouse, launching a five-month battle between the two companies.
Jos. A. Bank first offered to acquire Men’s Wearhouse for $2.3 billion last October.
But Men’s Wearhouse reached a deal last March to acquire its competitor for $1.8 billion.
According to the FTC, the two retailers have different consumer targets and will continue to face significant competition in the industry, including from online menswear competitors.
Full content: Business Insider
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI