Deals and IPOs

FTC say consumers unlikely to be harmed by menswear merger

Reuters with CNBC
A Men's Wearhouse in New York
Adam Jeffery | CNBC

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.