Men's Wearhouse denies suitor's request

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Posted: Tuesday, November 5, 2013 12:00 am

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.”

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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