NEW YORK (AP) — Men's Wearhouse said Monday that it won't give rival Jos. A Bank access to nonpublic information that it could use to assess whether to potentially raise its $2.3 billion buyout offer.
Last week, Jos. A Bank Clothiers Inc. said it would consider boosting its bid if allowed access to nonpublic information.
Jos. A. Bank, based in Hampstead, Md., made an unsolicited offer of $48 per share for Men's Wearhouse in September. In October Men's Wearhouse rejected the bid, calling it “opportunistic” and “inadequate.”
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