Men's Wearhouse Inching Toward Jos. A. Bank Merger Deal

Law360, New York (March 3, 2014, 9:48 AM EST) -- The Men's Wearhouse Inc. confirmed on Monday that it has received a draft merger agreement from long-coveted rival Jos. A. Bank Clothiers Inc. and that the retailers will trade private financial information with the hope of reaching solid terms to end a heated tie-up fight.

Merger prospects have brightened substantially in the past week, since California- and Texas-based Men's Wearhouse said it would increase its offer to $63.50 per share, or about $1.8 billion in total, and could ratchet up the consideration to $65 per share...
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