DealBook: Jos. A. Bank Rejects Men’s Wearhouse Bid - Presented by: The Aol. On Network

Jos. A. Bank on Dec. 23 said it would not accept the offer of $55 a share from Men’s Wearhouse, which came from the company it had been trying to buy just weeks before. The Men’s Wearhouse turned the tables on Jos. A. Bank Clothiers last month after being pursued for months. By turning around and chasing after its former suitor, the Men’s Wearhouse revived the so-called Pac-Man defense, a tactic that gained popularity in the 1980s.



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