Home / Knowledge / News / Apparel/Garments / Jos. A. Bank drops $2.3bn bid for Men's Wearhouse
Jos. A. Bank drops $2.3bn bid for Men's Wearhouse
15
Nov '13
Jos. A. Bank Clothiers, Inc sent a letter to the Chief Executive Officer of The Men's Wearhouse, Inc. terminating its all-cash proposal to purchase Men's Wearhouse for $48 per share.

As previously reported, Jos. A. Bank had advised the board of directors of Men's Wearhouse that Jos. A. Bank would terminate its proposal if the board did not engage in good faith negotiations by November 14, 2013.

The November 14 deadline has passed with Men's Wearhouse having failed to engage in such discussions.

Jos. A. Bank continues to believe that a transaction could be in the best interest of the respective shareholders of the two companies.

If, in the future, it is invited by the Men's Wearhouse board to discuss our acquisition of Men's Wearhouse, or if circumstances were otherwise to change, Jos. A. Bank may consider whether a new proposal to acquire Men's Wearhouse is warranted.

About Jos. A. Bank

Jos. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading designers, manufacturers and retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories. The Company sells its full product line through 629 stores in 44 states and the District of Columbia.

Jos. A. Bank Clothiers


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