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In December 2013, Jos. A Bank turned down the takeover offer from competitor Men’s Wearhouse, saying the $1.54 billion bid was far too low. [6] On February 14, 2014, Jos. A. Bank Clothiers announced plans to buy outdoor retailer Eddie Bauer in an $825 million deal. [7]
On November 12, 2013, Ricky Sandler, CEO of Eminence Capital LLC, published a letter he sent to Men's Wearhouse CEO Douglas Ewert discussing a merger with Jos. A. Bank. [16] On November 15, 2013, Joseph A. Bank Clothiers Inc. withdrew "its all-cash proposal to purchase Men's Wearhouse for $48 a share after its self-imposed November 14 deadline ...
Right when we thought the drama between the two men's apparel rivals had ceased for the time being, Jos. A. Bank Clothiers and Men's Wearhouse are in the spotlight again over the same issue.
Mati Milstein/Bloomberg via Getty Images By Aditi Shrivastava Men's Wearhouse struck back at Jos. A. Bank Clothiers with a $1.5 billion bid to acquire the suit and tuxedo retailer, only weeks ...
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(Reuters) - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger ...