Jos. A. Bank’s Eddie Bauer Play Was Key To $1.8B Sale

Law360, New York (March 11, 2014, 4:57 PM EDT) -- Jos. A. Bank Clothiers Inc. said Tuesday it would sell itself to rival Men's Wearhouse Inc. in a $1.8 billion deal, ending one of the year's most contentious M&A sagas. Though Jos. A. Bank had initially fashioned itself the buyer, deal watchers said it became the transaction's real winner by leveraging a separate deal for Eddie Bauer to drive up its own price by hundreds of millions of dollars.

The terms of the hotly anticipated merger require Jos. A. Bank to shelve its $825 million Eddie...
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