-
Jos. A. Bank rejects Men’s Wearhouse offer
Hampstead, Md. – The board of directors of Jos. A. Bank Clothiers, Inc. has officially rejected an unsolicited buyout offer from The Men’s Wearhouse. The offer, which expires March 28, 2014, is worth $57.50 per share, or about $1.6 billion.
Jos. A. Bank called the offer “inadequate and opportunistic” in announcing its rejection.