January 17, 2014 / 9:40 PM / 4 years ago

Jos. A. Bank board recommends shareholders reject Men's Wearhouse bid

1 Min Read

Jan 17 (Reuters) - Jos. A. Bank Clothiers Inc's board recommended on Friday that the company's shareholders reject a $1.61 billion hostile bid from Men's Wearhouse Inc , calling it inadequate.

Men's Wearhouse mounted a hostile bid for Jos. A. Bank earlier this month in an attempt to break the resistance of its smaller rival and pacify investors hungry for a merger of the suit retailers.

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