Well it’s about time, to say the least. The drama between The Men’s Wearhouse, Inc. (NYSE:MW) and Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) is finally coming to a close. After a long and troubled courtship, the two companies announced today via a press release that Men’s Wearhouse will acquire Jos. A. Bank for $65 a share. Men’s Wearhouse, Jos. A. Bank sign definitive agreement The Men’s Wearhouse, Inc. (NYSE:MW) will pay cash to acquire the company, which adds up to a total consideration of $1.8 billion. According to a press release this morning, the boards of both companies unanimously approved…
Men's Wearhouse To Acquire Jos. A. Bank Clothiers
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.