Jos. A. Bank Ups Takeover Defense, Men's Wearhouse Circles

Law360, New York (January 3, 2014, 11:02 AM EST) -- Jos. A. Bank Clothiers Inc. on Friday tightened ownership restrictions in its latest move to stave off a hostile takeover by rival The Men's Wearhouse Inc., adding another layer to an ongoing feud between the companies.

The company's move comes just more than a week after it rejected a $1.2 billion tie-up offer from California- and Texas-based Men's Wearhouse, a bid that turned the tables after Jos. A. Bank repeatedly failed to win over its biggest competitor with a $2.3 billion private equity-backed merger proposal....
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