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Men's Wearhouse Inc Rejects Jos. A. Bank Clothiers Inc's Takeover Offer-Reuters

Wednesday, 9 Oct 2013 09:15am EDT 

Reuters reported that Men's Wearhouse Inc rejected Jos. A. Bank Clothiers Inc's $2.3 billion takeover offer, saying it significantly undervalued Men's Wearhouse and could raise antitrust issues. The offer does not reflect Men's Wearhouse's growth strategy and upside potential, Bill Sechrest, lead director of the Men's Wearhouse board, said in a statement. Jos. A. Bank said earlier on October 9, 2013, it had made an all-cash offer of $48 per share to buy Men's Wearhouse. 

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