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US: After Men’s Wearhouse rejection, Jos. A. Bank may up the ante

By  |  October 31, 2013

Following Men’s Wearhouse’s rejection of a $2.3 billion buyout offer last September, retail giant Jos. A. Bank Clothiers is reportedly considering raising its price to acquire the company.

Raising the offer, however, will only occur if Men’s Wearhouse seems open to merger talks by November 14, reports say.

The company rejected what it called an unsolicited buyout bid in September, describing the price as “inadequate.” Jos. A. Bank did not disclose how high the company was willing to go in its acquisition offer.

Full content: Reuters

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