Maryland News

Jos. A. Bank Rejects Takeover Bid From Men's Warehouse

/ CBS Baltimore

BALTIMORE (WJZ)— Retailer Jos. A. Bank Clothiers rejects a takeover bid from Men's Warehouse.

The Hampstead retailer denied a bid from Men's Wearhouse to buy shares of the company for $63.50.

But the CEO of Jos. A. Bank says the company is willing to negotiate.

The bidding war between the companies started with Jos. A Bank offered to buy Men's Wearhouse last year.

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First published on February 28, 2014 / 9:16 AM EST

© 2014 CBS Broadcasting Inc. All Rights Reserved.

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