Pursuits
Jos. A. Bank to Talk With Men’s Wearhouse After Spurning Bid
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Jos. A. Bank Clothiers Inc. agreed to meet with Men’s Wearhouse Inc. to discuss a potential merger after rejecting a sweetened $1.78 billion bid from the fellow menswear chain.
The current Men’s Wearhouse proposal is inadequate and not in the interests of investors, Hampstead, Maryland-based Jos. A. Bank said yesterday in a statement. It reiterated that its separate deal to buy Eddie Bauer -- an agreement reached earlier this month -- would create significant value for shareholders.