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

Men's Wearhouse rejected its smaller suitor. Its archrival known for its "Buy One, Get Three Free" suits, Jos. A. Bank, offered a big premium for Men's Wearhouse. But the apparel chain is playing hard-to-get, saying the $2.3 billion cash bid "significantly undervalues" its growth prospects and could raise antitrust issues. A combination would create a network of more than 1,700 stores nationwide and Canada.



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