Men's Wearhouse Boosts Bid For Jos. A. Bank

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Men's Wearhouse Boosts Bid For Jos. A. Bank

by Wochit 0:38 mins

Men's Wearhouse Boosts Bid For Jos. A. Bank

by Wochit 0:38 mins

Men's Wearhouse is raising its offer for Jos. A. Bank Clothiers to about $1.61 billion and taking the bid directly to its rival's shareholders. It also plans to nominate two people to the Jos. A. Bank board. Men's Wearhouse disclosed Monday that it is now offering $57.50 per share for Jos. A. Bank, up from its prior offer of $55 per share, or $1.54 billion. Jos. A. Bank rejected the previous offer in late December, saying it was too low.

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