Men's Wearhouse Unveils $1.6B Hostile Bid For Jos. A. Bank

Law360, New York (January 6, 2014, 11:08 AM EST) -- Men's Wearhouse Inc. on Monday raised its bid for rival Jos. A. Bank Clothiers Inc. to roughly $1.6 billion, going hostile in the companies' monthslong acquisition battle just days after Jos. A. Bank stiffened its defenses against an unwanted takeover.

Texas- and California-based Men's Wearhouse said on Monday that it launched a cash tender offer worth $57.50 per share — an increase over its previous $55-per-share proposal, an offer roundly rejected by Jos. A. Bank late last year. The revised bid is a 52 percent premium...
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