Jos. A. Bank Open To Padding $2.3B Men's Wearhouse Bid

Law360, New York (October 31, 2013, 4:52 PM EDT) -- Jos. A. Bank Clothiers Inc. said Thursday it would consider raising its $2.3 billion private equity-backed bid for larger rival Men's Wearhouse Inc., but only if the California company — which has already rejected the offer — opens its books and starts negotiating.

The retailer did not say how much it could hike up its $48-per-share offer, made alongside Golden Gate Capital Partners. The proposal represents a 42 percent premium over Men's Wearhouse's close on Oct. 8, the day before Jos. A. Bank went public with...
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