Jan 30 Suit retailer Men's Wearhouse Inc
said on Thursday it was prepared, under certain conditions, to
increase its offer for rival Jos. A. Bank Clothiers Inc
Jos. A. Bank shares rose 3 percent to $56.50 in premarket
In a letter to Jos. A. Bank's independent directors, Men's
Wearhouse said it could raise its $1.61 billion, or $57.50 per
share, offer if additional value was discovered through
discussions or limited due diligence.
Men's Wearhouse also called on the directors to form a
special committee to reconsider its hostile bid.
Jos. A. Bank urged shareholders to reject the offer earlier
this month, calling it inadequate and opportunistic.