Men's Wearhouse urges Jos. A. Bank independent directors to form a special committee to re-consider Men's Wearhouse offer and begin constructive negotiations.
Men's Wearhouse is prepared to increase offer price if additional value is discovered through discussions or limited due diligence.
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,133 stores.
The Men's Wearhouse, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection.
Most K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Moores and Men's Wearhouse and Tux stores.
Click here to read the letter sent by Men's Wearhouse to Jos A Bank