Men's Wearhouse Inc. on Thursday said it again extended the
expiration date of its tender offer for Jos. A. Bank Clothiers
Inc., moving back the date by two weeks to provide more time to
collect shareholder support.
Men's Wearhouse last month reached an agreement to buy the rival
men's clothing retailer for about $1.8 billion, ending a drawn-out
and contentious takeover battle between the two companies.
Men's Wearhouse said about 20.6 million shares were tendered as
of Wednesday's deadline, while Jos. A. Bank has about 28 million
shares outstanding. The new deadline is April 23.
About 19.3 million Jos. A. Bank shares had been tendered as of
late March.
As part of the merger agreement, Jos. A. Bank agreed to
terminate its $825 million buyout of fellow retailer Eddie Bauer, a
move that had complicated Men's Wearhouse's takeover efforts.
The deal will create a company with more than 1,700 stores in
the U.S., about 23,000 employees and annual sales of some $3.5
billion.
Write to Ben Fox Rubin at ben.rubin@wsj.com
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