Jos. A. Bank rejects Men's Wearhouse proposal

Mon Dec 23, 2013 8:34am EST

Dec 23 (Reuters) - Men's suit retailer Jos. A. Bank Clothiers Inc said its board has unanimously rejected the $1.5 billion bid by Men's Wearhouse Inc.

Men's Wearhouse offered to buy Jos. A. Bank in November, after rejecting a takeover offer from the smaller rival.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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