Pac-Man Defense: Jos. A. Bank Rejects Offer

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Dec. 23 (Bloomberg) -- Bloomberg's Olivia Sterns and Julie Hyman examine Jos. A.Bank’s purchase opportunities in "On The Markets." They speak on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Should say, men's wearhouse is pursuing.

Yes, that's because joseph a bank was first trying to acquire men's wearhouse, the larger competitor, and they let that deal expire, and when the ghost is following you -- exactly.

How did the tables get turned question my basically, joseph a bank is a smaller company.

It is more logical for men's wearhouse to make an offer for it.

Men's wearhouse also set at the time that joseph a bank was being opportunistic.

The well-known founder and one- time face of the company, he parted ways earlier this year.

The stock has fallen as a result, and it is said they were try to take advantage of a weak moment.

We should mention, this is not the end of the story, right?

Joseph a bank saying the price is too low.

The price has been trading above the $55 mark ever since the offer was made, so they believed the offer should be higher.

What are the analysts saying?

You they believe it is undervalued, joseph a bank?

Especially with the stock trading higher, it is not unreasonable for joseph a bank to come back and ask for more money, but joseph a bank said they would also like to look at other acquisition targets, and who they may acquire is unclear.

These are very logically partners.

And there are not really any other players in this size in the discount men's clothing business.

So they both agree the synergies are here.

Does it matter who acquires whom?

Men's wearhouse is the larger one, so in that sense, it makes sense, and it was seen as the better managed company before at joseph a bank.

All right, our senior market correspondent on the men's wearhouse offered to buy joseph a bank.

We will be back with more on the market, and "money moves" starts

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


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