Jos. A. Bank Sounds Off On $1.6B Men's Wearhouse Offer

Law360, New York (February 3, 2014, 11:07 AM EST) -- Jos. A. Bank Clothiers Inc. on Sunday again stiffened its opposition to a $1.6 billion hostile takeover bid from rival Men's Wearhouse Inc., saying the offer invites serious antitrust risks in addition to undercutting the company's true value.

In a letter to Men's Wearhouse's president, the target company also questioned whether the unsolicited bid — which it has already rejected — is meant to appease activist hedge fund Eminence Capital LLC, the single-largest Men's Wearhouse shareholder and a vocal tie-up supporter that has threatened a proxy fight....
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