Jos. A. Bank Announces Termination of HSR Act Waiting Period

Jos. A. Bank Announces Termination of HSR Act Waiting Period

HAMPSTEAD, Md., May 30, 2014 (GLOBE NEWSWIRE) -- Jos. A. Bank Clothiers
(Nasdaq:JOSB) today announced that the Federal Trade Commission has granted
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, ("HSR Act") applicable to The Men's
Wearhouse's (NYSE:MW) proposed acquisition of Jos. A. Bank Clothiers. As
previously announced, Men's Wearhouse and Jos. A. Bank entered into a merger
agreement pursuant to which Men's Wearhouse would acquire all of the
outstanding shares of common stock of Jos. A. Bank for $65.00 per share in
cash, or total consideration of approximately $1.8 billion, pursuant to a cash
tender offer. Together, Men's Wearhouse and Jos. A. Bank will have more than
1,700 stores, with approximately 26,000 employees and sales of $3.5 billion on
a pro forma basis.

The termination of the HSR Act waiting period satisfies one of the conditions
to consummate the tender offer. Completion of the tender offer remains subject
to certain other conditions as described in the offer to purchase disseminated
to stockholders of Jos. A. Bank, including the completion of the marketing
period, which commenced today and is expected to end on June 19, 2014, unless
earlier waived. The tender offer is currently scheduled to expire at 5:00 p.m.
New York City time, on June 5, 2014, unless extended.

Goldman, Sachs & Co. and Financo, LLC are serving as financial advisors to
Jos. A. Bank, and Skadden, Arps, Slate, Meagher & Flom LLP and Guilfoil
Petzall & Shoemake, L.L.C. are serving as its legal advisors.

About Jos. A. Bank

Jos. A. Bank Clothiers, Inc., established in 1905, is one of the nation's
leading designers, manufacturers and retailers of men's classically-styled
tailored and casual clothing, sportswear, footwear and accessories. The
Company sells its full product line through 638 stores in 44 states and the
District of Columbia, a nationwide catalog and an e-commerce website that can
be accessed at The Company is headquartered in
Hampstead, Md., and its common stock is listed on the NASDAQ under the symbol


On January 6, 2014, Java Corp. ("Purchaser"), a wholly owned subsidiary of The
Men's Wearhouse, Inc., commenced a cash tender offer for all outstanding
shares of common stock of Jos. A. Bank Clothiers, Inc. not already owned by
Men's Wearhouse or any of its subsidiaries, subject to the terms and
conditions set forth in the Second Amended and Restated Offer to Purchase
dated as of March 20, 2014 (the "Offer to Purchase"). The purchase price to be
paid upon the successful closing of the cash tender offer is $65.00 net per
share in cash, without interest and less any required withholding tax, subject
to the terms and conditions in the Offer to Purchase and the related letter of
transmittal that accompanies the Offer to Purchase. The tender offer is
scheduled to expire at 5:00 p.m. New York City time, on June 5, 2014, unless

This communication does not constitute an offer to buy or solicitation of an
offer to sell any securities. This communication is for informational purposes
only. The tender offer is not being made to, nor will tenders be accepted
from, or on behalf of, holders of shares in any jurisdiction in which the
making of the tender offer or the acceptance thereof would not comply with the
laws of that jurisdiction. The tender offer is being made pursuant to a tender
offer statement on Schedule TO (including the Offer to Purchase, a related
letter of transmittal and other offer materials) filed by Men's Wearhouse and
the Purchaser with the U.S. Securities and Exchange Commission ("SEC") on
January 6, 2014, as amended from time to time. INVESTORS AND SECURITY HOLDERS
THE TENDER OFFER. Investors and security holders can obtain free copies of
these documents and other documents filed with the SEC by Jos. A. Bank through
the web site maintained by the SEC at The Offer to
Purchase, related letter of transmittal and other offering documents may also
be obtained for free by contacting the Information Agent for the tender offer,
MacKenzie Partners, Inc., at 212-929-5500 or toll-free at 800-322-2885.

This press release contains forward-looking information. Forward-looking
statements are not guarantees of future performance and a variety of factors
could cause actual results to differ materially from the anticipated or
expected results expressed in or suggested by these forward-looking
statements. These forward-looking statements may be significantly impacted by
various factors, including, but not limited to: actions by governmental
entities, domestic and international economic activity and inflation, success,
or lack thereof, in executing our internal operating plans and new store and
new market expansion plans, including successful integration of acquisitions,
performance issues with key suppliers, disruption in buying trends due to
homeland security concerns, severe weather, foreign currency fluctuations,
government export and import policies, aggressive advertising or marketing
activities of competitors; and legal proceedings. Future results will also be
dependent upon our ability to continue to identify and complete successful
expansions and penetrations into existing and new markets and our ability to
integrate such expansions with our existing operations.

These forward-looking statements are based upon management's current beliefs
or expectations and are inherently subject to significant business, economic
and competitive uncertainties and contingencies and third-party approvals,
many of which are beyond our control. The following factors, among others,
could cause actual results to differ materially from those expressed or
implied in the forward-looking statements: (1) the occurrence of any event,
change or other circumstances that could give rise to the termination of the
Agreement and Plan of Merger by and among Men's Wearhouse, Inc.,Purchaser and
Jos. A. Bank Clothiers, Inc., (2) the failure to consummate the acquisition of
Jos. A. Bank for reasons including that the conditions to Men's Wearhouse's
offer to purchase all outstanding shares of Jos. A. Bank's common stock,
including the condition that a minimum number of shares be tendered and not
withdrawn, are not satisfied or waived by Men's Wearhouse, (3) the possibility
that the expected benefits from the proposed transaction will not be realized
within the anticipated time period, (4) the risks related to the costs and
difficulties related to the integration of Jos. A. Bank's business and
operations with Men's Wearhouse's business and operations, (5) the inability
to obtain, or delays in obtaining, cost savings and synergies from the
transaction, (6) unexpected costs, charges or expenses resulting from the
transaction, (7) litigation relating to the transaction, (8) the inability to
retain key personnel and (9) the possible disruption that may be caused by the
transaction to the business and operations of Men's Wearhouse and its
relationships with customers, employees and other third parties.

The forward-looking statements in this press release speak only as of the date
hereof. Except for the ongoing obligations of Jos. A. Bank to disclose
material information under the federal securities laws, Jos. A. Bank
undertakes no obligation to revise or update publicly any forward-looking
statement, except as required by law.Other factors that may impact the
forward-looking statements are described in Jos. A. Bank's annual report on
Form 10-K for the fiscal year ended February 1, 2014, as amended.For
additional information on Jos. A. Bank, please visit

CONTACT: Jos. A. Bank
         Thomas Davies/Molly Morse
         Kekst and Company
         Investment Community:
         David E. Ullman
         Jos. A. Bank
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