Jos. A. Bank Upends Merger Fight In $825M Eddie Bauer Buy

Law360, New York (February 14, 2014, 8:18 AM EST) -- Facing a proxy fight after repeatedly rejecting a $1.6 billion takeover bid from rival Men's Wearhouse Inc., Jos. A. Bank Clothiers Inc. went its own way on Friday with an announcement that it had inked an $825 million deal for private equity-backed Eddie Bauer.

The deal upends a monthslong, and increasingly heated, merger battle between the premier menswear retailers in the U.S. Rumors have swirled for weeks over Jos. A. Bank's pursuit of an alternative transaction, with the focus recently settling on Golden Gate Capital's Eddie...
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