Deals and IPOs

Retailer Jos. A. Bank to buy Eddie Bauer for $825 million

A shirt and tie are displayed at a Jos. A. Bank retail store in San Francisco.
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Men's clothing retailer Jos. A. Bank Clothiers said it would acquire the Eddie Bauer clothing brand from private equity firm Golden Gate Capital for an enterprise value of $825 million.

Jos. A. Bank will pay $564 million in cash and issue about 4.7 million new shares to Everest Topco, the parent company of Eddie Bauer and a portfolio company of Golden Gate.

Jos. A. Bank expects the deal to immediately add to earnings, and said it expects the combined company's revenue to exceed $2.1 billion in 2014.

(Read more: Men'sWearhouse top investor backs Jos. A. Bank bid)

By Reuters