This undated photo provided by JoS. A. Bank, shows a JoS. A. Bank store at the Shops at Midtown Miami in Miami, Fla. As of Tuesday, Nov. 26, 2013, Men’s Wearhouse is turning the tables on its recent pursuer, offering to buy Jos. A. Bank for approximately $1.54 billion. The offer comes less than two weeks after Jos. A. Bank withdrew its $2.3 billion bid for its rival. (AP Photo/JoS. A. Bank)
NEW YORK (AP) — Never say never.
Just when it looked like a potential combination of Men’s Wearhouse and Jos. A. Bank was dead in the water, the script has been flipped.
Now it’s Men’s Wearhouse that is offering approximately $1.54 billion for its rival. Less than two weeks ago, Jos. A. Bank dropped a $2.3 billion bid for its competitor. A combination could create a menswear powerhouse of more than 1,700 outlets.
The announcement that Men’s Wearhouse was interested in a possible deal came as a bit of a surprise on Tuesday. The Login to read more