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 the deal. After it closes, the two companies will together...
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