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Men's Wearhouse inks deal to purchase Jos. A. Bank

Mar 12, 2014, 12:36 AM EDT
Men's Warehouse and Jos. A Bank storefronts are seen next to each other on January 6, 2014 in New York City.
Getty/AFP/File, Andrew Burton

Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival. The companies, operating in a mature market, have bid and counterbid for each other since October when Jos. A. Bank offered to buy Men's Wearhouse for about $2.3 billion.
Background:
Men's Wearhouse stitches up deal to buy Jos. A. Bank [Reuters]
Men’s Wearhouse finally buys Jos. A. Bank [Washington Post]

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