Traders aren’t buying what Men’s Wearhouse Inc. is selling.
Men’s Wearhouse rebuffed a $48-a-share offer from rival Jos. A. Bank Clothiers Inc. and refused to let it conduct due diligence that could have led to a higher bid. Even though the deadline to hold talks lapsed this month, the stock is still 33 percent higher than it was before the proposed deal was made public in October.