USA TODAY: Men’s Wearhouse offered to buy Jos. A. Bank Clothiers Tuesday, turning the tables on an apparel retailing rival that has been trying to take it over.
News of the offer was a win-win for investors, with stock in both companies jumping Tuesday. Jos. A. Bank shares closed up 11.3% to $56.29. Men’s Wearhouse shares climbed 7.5% to $50.60…
A combination of the two companies would create the fourth-largest U.S. men’s apparel retailer, with more than 1,700 total stores and annual sales of more than $3.5 billion, Men’s Wearhouse said… (more)
EDITOR: There is nothing that every red blooded capitalist likes more than a monopoly. Hopefully the Justice Department will take a careful look.
