Men’s Wearhouse Enters NDA with Jos. A. Bank

The Men’s Wearhouse, Inc. (NYSE:MW) said Monday that it has reached a nondisclosure agreement with Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), brightening their merger prospects.

Hostile on-again, off-again relationship

Last week, it was reported Jos. A. Bank Clothiers Inc, which flatly rejected an offer from The Men’s Wearhouse, Inc. (NYSE:MW) of $63.50 per share and was in the process of courting Eddie Bauer, may be open to The Men’s Wearhouse, Inc. advances after all. In a press statement, the men’s clothing company said it would be willing to meet with its hostile suitor...