Jos A Bank says scouting for acquisitions

June 21 Fri Jun 21, 2013 5:01pm EDT

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June 21 (Reuters) - Men's apparel and accessories retailer Jos A Bank Clothiers Inc said on Friday it was considering strategic options, including acquisitions, to fuel growth.

The company, established in 1905, said no timetable has been set for any acquisition.

Jos A Bank said it was being assisted by investment banking firm Financo LLC.

Rival Men's Wearhouse Inc on Wednesday ousted its Executive Chairman and founder George Zimmer and postponed its annual shareholder meeting in order to renominate existing directors without Zimmer.

Jos A Bank shares closed at $39.63 on the Nasdaq on Friday.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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