Huffpost Business

Men's Wearhouse Is Buying Jos. A. Bank, Finally

Posted: Updated:
NEW YORK, NY - JANUARY 06: A Men's Warehouse storefront is seen on January 6, 2014 in New York City. Men's Warehouse is currently pursuing a hostile takeover of competitor Jos. A. Bank, which also sells men's suits and buisness wear. (Photo by Andrew Burton/Getty Images) | Andrew Burton via Getty Images

March 11 (Reuters) - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month merger saga that started with Jos. A. Bank offering to buy its larger menswear rival.

The increased offer price of $65 per share represents a premium of 1.3 percent to Jos. A. Bank's Monday closing price.

Around the Web

Men's Wearhouse Nears Deal for Jos. A. Bank

Men's Wearhouse and Jos. A. Bank finally enter merger talks

Men's Wearhouse, Jos. A. Bank near deal: NYT

Men's Wearhouse ups ante with Jos. A. Bank

Jos. A. Bank rejects Men's Wearhouse bid, says open to talks

Men's Wearhouse Buying Jos A Bank in Deal Valued at $1.8 Billion in Cash ...