Men's Wearhouse Inc (MW.N)
30 Jul 2014
|Market Cap (Mil.):||$2,474.08|
|Shares Outstanding (Mil.):||47.97|
WASHINGTON - U.S. antitrust officials on Friday gave the green light for the proposed merger of Men's Wearhouse Inc and Jos. A. Bank Clothiers Inc to move ahead, citing ample competition in the market for men's suits and tuxedo rentals.
(Adds quotes from FTC officials, background on deal, share prices)
WASHINGTON, May 30 - U.S. antitrust officials on Friday said they had closed their investigation into the proposed merger of men's clothing retailers Men's Wearhouse and Jos. A. Bank, a move that will allow the deal to move ahead.
(The opinions expressed here are those of the author, a columnist for Reuters.)
- 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.
(Adds Eminence Capital statement, Breakingviews, Timeline, Reuters Insider, Men's Wearhouse results)
* GM shares fall; federal prosecutors open criminal probe -source
March 11 - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a tit-for-tat merger saga that began in October.
(Corrects paragraph 2 to say the offer is at a premium of 5.1 percent, not 1.3 percent)
- Men's Wearhouse Inc said it was discussing a proposed merger with smaller rival Jos. A. Bank Clothiers Inc , after the two men's apparel retailers spent months bidding for each other.