Men's Wearhouse Open To Padding $1.6B Jos. A. Bank Bid

Law360, New York (January 30, 2014, 1:18 PM EST) -- Men's Wearhouse Inc. on Thursday told Jos. A. Bank Clothiers Inc. that it could increase its unsolicited $1.6 billion tie-up bid if allowed to conduct due diligence, piling more pressure onto a reluctant target that has already dismissed two takeover proposals.

The Texas- and California-based company also encouraged Jos. A. Bank to form a special committee to evaluate the offer that was unveiled — and rejected — earlier this month. Jos. A. Bank's latest brush-off deepened an ongoing conflict between the companies and set the stage...
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