Men's Wearhouse says has draft merger agreement from Jos. A. Bank

March 3 Mon Mar 3, 2014 7:28am EST

March 3 (Reuters) - Men's Wearhouse Inc said it had entered into a non-disclosure agreement with Jos. A. Bank Clothiers Inc and received a draft merger agreement from the smaller company.

The two men's apparel retailers have agreed to exchange certain confidential information and to work in good faith to evaluate a potential combination, Men's Wearhouse said on Monday.

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

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