FTC say consumers unlikely to be harmed by menswear merger

U.S. antitrust officials on Friday said they had closed their investigation into the proposed merger of men's clothing retailers Men's Wearhouse and Jos. A. Bank, a move that will allow the deal to move ahead.

Officials from the Federal Trade Commission, in a blog post, said "significant competition" in the sector, including brick-and-mortar stores as well as online sellers, meant the transaction was not likely to harm consumers.

Read the FTC's letters to each company here.

—By Reuters with CNBC.