Jos. A. Bank's Eddie Bauer Deal Squeezes Men's Wearhouse

Law360, New York (February 18, 2014, 6:34 PM EST) -- Jos. A. Bank Clothiers Inc.'s recent agreement to absorb Eddie Bauer appears at first blush to close a long-running merger battle with Men's Wearhouse Inc., but Men's Wearhouse is back under pressure to come up with a higher offer thanks to an unconventional provision that keeps tie-up possibilities alive.

Private equity-backed Eddie Bauer agreed to give Jos. A. Bank a clear path out of its $825 million acquisition, unveiled Friday, if Men's Wearhouse or another suitor presents a "superior proposal" to merge with Jos. A. Bank...
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