Jos. A Banks Turns Down Acquisition Offer from Men's Wearhouse
December 23, 2013 at 12:59 PM EST
Jos. A Bank Clothiers (NASDAQ: JOSB ) turned down a $1.5 billion acquistion offer from rival retailer Men's Wearhouse (NYSE: MW ) on Monday – saying the bid “significantly undervalued” the century-old company. In a press statement, Jos. A Bank's chairman, Robert Wildrick, said the company's board determined
