October 09, 2013 at 12:52 PM EDT
Jos. A. Bank Makes Offer For Men's Wearhouse

Jos. A. Bank Clothiers Inc. (Nasdaq: JOSB) made an unsolicited bid of $48 per share in cash to acquire The Men's Wearhouse Inc. (NYSE: MW). Shares of Jos. A. Bank soared $3.05 to $44.71 while Men's Wearhouse stock leaped $10.25 to $45.49.


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