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

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MENS WEARHOUSE
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.

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