Jos. A. Bank Rejects Men's Wearhouse $1.61B Bid

Retailer Jos. A. Bank has rejected a $1.61 billion takeover offer from rival Men's Wearhouse. The two men's clothing shops have been engaged in a strange courtship for months. Bank said Friday that the offer is still too low and not in the best interest of shareholders, urging them to reject the offer, saying it significantly undervalues the company's potential. It also asked stock holders are to tender their shares and vote for its two candidates for Hampstead, Md., company's board.

Related Videos


  • Jos. A. Bank Rejects Men's Wearhouse $1.61B Bid

    Retailer Jos. A. Bank has rejected a $1.61 billion takeover offer from rival Men's Wearhouse. The two men's clothing shops have been engaged in a strange courtship for months. Bank said Friday that the offer is still too low and not in the best interest of shareholders, urging them to reject the offer, saying it significantly undervalues the company's potential. It also asked stock holders are to tender their shares and vote for its two candidates for Hampstead, Md., company's board.

  • Jos. A. Bank Rejects Another Men's Wearhouse Offer

    WSJ's Emma Moody joins the News Hub with her pick of stocks to watch today. Photo: Getty.

  • DealBook: Jos. A. Bank Rejects Men’s Wearhouse Bid

    Jos. A. Bank on Dec. 23 said it would not accept the offer of $55 a share from Men’s Wearhouse, which came from the company it had been trying to buy just weeks before. The Men’s Wearhouse turned the tables on Jos. A. Bank Clothiers last month after being pursued for months. By turning around and chasing after its former suitor, the Men’s Wearhouse revived the so-called Pac-Man defense, a tactic that gained popularity in the 1980s.

  • Men's Wearhouse Boosts Bid For Jos. A. Bank

    Men's Wearhouse is raising its offer for Jos. A. Bank Clothiers to about $1.61 billion and taking the bid directly to its rival's shareholders. It also plans to nominate two people to the Jos. A. Bank board. Men's Wearhouse disclosed Monday that it is now offering $57.50 per share for Jos. A. Bank, up from its prior offer of $55 per share, or $1.54 billion. Jos. A. Bank rejected the previous offer in late December, saying it was too low.

  • Men's Wearhouse Rejects Jos. A. Bank

    Men's Wearhouse rejected its smaller suitor. Its archrival known for its "Buy One, Get Three Free" suits, Jos. A. Bank, offered a big premium for Men's Wearhouse. But the apparel chain is playing hard-to-get, saying the $2.3 billion cash bid "significantly undervalues" its growth prospects and could raise antitrust issues. A combination would create a network of more than 1,700 stores nationwide and Canada.

  • Men's Wearhouse Rejects Jos. A. Bank's $2.3B Bid

    Jos. A. Bank said Wednesday it floated a non-binding deal to buy out Men's Warehouse for $48 a share in cash.

  • Now, Men's Wearhouse Offers To Buy Jos. A Bank

    Men's Warehouse offered to buy Jos. A Bank Tuesday, not too long after Jos. A Bank made its own bid for Men's Warehouse back in October.

  • Jos. A. Bank and Men's Wearhouse Merger Will Spark the Great Suit War

    Belus Capital Advisors' Brian Sozzi lists his three reasons why the Jos A Bank and Men's Wearhouse merger will go through. First, the companies can lower prices to gain new consumers, inciting a U.S. suit war versus department stores like Macy's and Bloomingdale's. Second, the business is very low margin and the two companies can work together to cut costs and expenses.

  • Men's Wearhouse and Jos. A. Bank Closer to Deal with Sweetened Bid

    Jos. A. Bank finally got its price on Monday when Men's Wearhouse sweetened its offer to $63.50 per share, making it more likely that a deal between the two competitors now gets done.

  • Jim Cramer Says He'd Be a Seller of Jos. A. Bank and Men's Wearhouse

    TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says Jos. A. Bank has essentially taken a poison pill by announcing it will buy Eddie Bauer for $825 million in a cash and stock deal. Cramer says Jos. A. Bank's original idea to team up with Men's Wearhouse made sense but Eddie Bauer does not. Cramer says he would be a seller of both Men's Wearhouse and Jos. A. Bank if the deal holds.

  • Men's Wearhouse Makes A Bid For Jos. A Bank

    The Men's Wearhouse (MW) has turned the tables on Jos. A Bank (JOSB) by offering to acquire the rival in a deal worth approximately $1.2 billion.

  • Men's Wearhouse Finally Snags Rival, But Jos. A. Bank Is The Real Winner

    The next time you’re looking to negotiate a deal, give the folks at Jos. A. Bank a call. After five months of back and forth, Jos. A. Bank agreed to be acquired byMen's Wearhouse in a deal worth $1.8 billion. Men’s Wearhouse will pay $65 per share in cash to purchase its smaller rival. The two companies have been playing hard to get with one another since October. That was when Jos. A. Bank made the first move and bid for its larger rival.

Other Advice Videos


  • Anatole Faykin on The Privilege and Pleasure of Giving Advice to Friends

    In Chapter 5 of 16 in his 2014 Capture Your Flag interview, Internet entrepreneur Anatole Faykin answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Faykin shares how giving friends' advice is both a privilege and a pleasure. He notes that giving advice is tough, as often a friend is looking to have a listener and to vent rather to actively seek out feedback. Faykin works to discern those who want to vent from those who actually want advice and answers.

  • Matt Ruby on Being Comfortable Not Getting Asked For Advice

    In Chapter 5 of 19 in his 2014 Capture Your Flag interview, standup comedian and Vooza founder Matt Ruby answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Ruby shares how he is not often approached for advice. He finds it may be due to coming across as unapproachable or doing work that is not fully understood by others. While Ruby does not try to avoid people, he shares that not being asked for advice is fine with him and allows him to be left alone.

  • Hattie Elliot on How to Give Better Advice When Asked for Help

    In Chapter 4 of 15 in her 2014 Capture Your Flag interview, entrepreneur Hattie Elliot answers "How Have You Learned to Give Better Advice When People Ask You for Help?" As someone who connects people for a living, Elliot learns the most important part of giving advice is to underpromise and overdeliver. This helps to ensure she is able to meet expectations when making promises. She also learns to refine her willingness to help others to focus on a smaller group of close friends and family.

  • Ramsey Pryor: How to Give Better Advice When People Ask You For Help

    In Chapter 11 of 16 in his 2014 Capture Your Flag interview, product management executive Ramsey Pryor answers "How Have You Learned to Give Better Advice When People Ask You for Help?" With time, Pryor learns to give less prescriptive advice. He learns from his children to give advice is more to be a sounding board and help others make a decision rather than to make a decision for others. Pryor is a product management executive at IBM focused on cloud-based collaboration.

  • 6 Celebrated Women Offer Advice to Their 20-Year Old Selves

    What advice would you give your 20-year-old self? asked Real Simple.

  • Rachel Lehmann-Haupt on Seeking Advice From Working Mom Friends

    In Chapter 17 of 17 in her 2014 Capture Your Flag interview, author and small business owner Rachel Lehmann-Haupt answers "At This Moment in Your Life, Where Are You Seeking Advice and Coaching?" Lehmann-Haupt shares how she gathers working mom friends she respects to help her shape next steps in her life as a working mom. She finds her friends understand her needs as someone trying to be a good mom and strike the right work-life balance in an aspiring career. Rachel Lehmann-Haupt is a writer.

  • Getting Advice for Making Big Decisions in Your 30s

    In Chapter 23 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "At This Point in Your Life, Where Are You Seeking Advice and Coaching?" Now in his thirties, Law shares how he gets advice from a network of people to make more informed decisions. From teacher mentors from Georgetown to an inspiring Angolan friend to his parents to his spouse, Law finds willing people to support him as he faces key life decisions.

  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.