Jos. A. Bank board urges Men's Wearhouse rejection

Jos. A. Bank Clothiers's board recommended on Friday that the company's shareholders reject a $1.61 billion hostile bid from Men's Wearhouse, calling it inadequate.

Men's Wearhouse mounted a hostile bid for Jos. A. Bank earlier this month in an attempt to break the resistance of its smaller rival and pacify investors hungry for a merger of the suit retailers.

—By Reuters

Contact Retail


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More