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Jos. A. Bank Clothiers Inc May Consider Raising Offer For Men's Wearhouse Inc - Reuters


Thursday, 31 Oct 2013 12:39pm EDT 

Reuters reported that Jos. A. Bank Clothiers Inc said it would consider raising its $2.3 billion offer for Men's Wearhouse Inc. The Company offered to buy Men's Wearhouse in September for $48 per share, but was swiftly rebuffed as the offer was deemed inadequate. Jos. A. Bank did not disclose on October 31, 2013 the amount by which it was willing to raise the offer, saying it would first like to conduct limited due diligence to determine a justified increase. The Company said it would cancel its proposal by November 14 if Men's Wearhouse did not enter into discussions. 

Company Quote

42.31
-0.08 -0.19%
19 Dec 2014