Men's Wearhouse Flips On Jos. A. Bank With $1.2B Tie-Up Bid

Law360, New York (November 26, 2013, 11:29 AM EST) -- The Men's Wearhouse Inc. on Tuesday lobbed a $1.2 billion buyout bid at smaller rival Jos. A. Bank Clothiers Inc., turning the tables on its erstwhile suitor and answering sharp criticism from an activist hedge fund.

Texas-based Men's Wearhouse has been under pressure to take action after its biggest shareholder, Eminence Capital LLC, last week urged the retailer to reconsider its position on a $2.3 billion tie-up proposed several times by Jos. A. Bank — an offer Men's Wearhouse has repeatedly rejected. Instead, the onetime target...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.