Jos. A. Bank Rejects Men’s Wearhouse's Latest Offer

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Feb. 27 (Bloomberg) –- Bloomberg’s Olivia Sterns reports on Jos. A. Bank rejecting Men’s Wearhouse’s latest offer but does agree to meet with them to discuss a possible higher offer. She speaks on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

The latest offer from men's wearhouse which would increase the bid by 10%. at long last they will meet with the board of men's wearhouse to consider whether or not a higher offer could be worth actually tying up.

This is the latest development in a takeover battle that has gone back-and-forth since october, when joseph a bank launched a bid for its larger rival, men's wearhouse.

Men's wearhouse has been trying to buy joseph a bank.

Eddie bauer would make them so big that men's wearhouse could not afford to buy them.

Some of the headlines are saying that joseph a bank has gotten permission to actually get out of the deal to buy eddie bauer.

Bank is willing to talk to men's wearhouse again.

The latest bid was $63.50 per share.

Joseph a bank shares are rallying up.

It looks like jos.

A. bank wants to hold out more but they're getting closer to a deal.

Thanks.

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This text has been automatically generated. It may not be 100% accurate.

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