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Men's Wearhouse will buy Jos. A. Bank

submitted on March 11, 2014 by HouTex in "Stores / Merchants"
The news that Jos. A. Bank will be acquired by Men's Wearhouse may be good news for stockholders, but I'm not sure yet how this merger will affect the constant coupons and sales we bargain hunters are used to getting -
Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival.

The companies, operating in a mature market, have bid and counterbid for each other since October when Jos. A. Bank offered to buy Men's Wearhouse for about $2.3 billion.

The deal is expected to close in the third quarter of 2014. Men's Wearhouse will be able to close stores duplicated in the same mall, reducing costs in the long term. Jos. A. Bank's store banner will remain in place with no remodeling or rebranding.
Read more at http://www.reuters.com/article.....8H20140311

        

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