Men's Wearhouse Rejects Jos. A. Bank's Latest Bid
Men's Wearhouse rejected Jos. A. Bank Clothiers latest effort to acquire it, denying the retailer's request to review nonpublic company information. The board of Houston-based Men's Wearhouse decided that providing such access isn't in its shareholders’ best interest, the company announced Monday. It rejected Jos. A. Bank's $2.3 billion acquisition offer in October, saying it undervalued the men's apparel chain.