Jos. A. Bank in talks to buy Eddie Bauer - reports


Jos. A. Bank Clothiers is reportedly in negotiations to acquire fellow retailer Eddie Bauer from private-equity firm Golden Gate Capital.

The talks come amid attempts by Jos. A. Bank Clothiers and Men's Wearhouse (MW) to buy each other. Jos. A. Bank's rejected bid for Men's Wearhouse in October was backed by Golden Gate.

Jos. A. Bank is under pressure from major shareholders to accept Men's Wearhouse's bid, with one, Eminence Capital, filing a suit to stop Jos. A. Bank from making acquisitions so the merger can take place. Eminence owns major stakes in both retailers.

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Comments (3)
  • jpau
    , contributor
    Comments (963) | Send Message
     
    Why?
    It looks like JOSB has about $340 million cash - couldn't they just find matches?
    2 Feb 2014, 07:32 AM Reply Like
  • coloneldebugger
    , contributor
    Comments (915) | Send Message
     
    This sounds like a buy one get two free sale.
    2 Feb 2014, 03:45 PM Reply Like
  • Martybest
    , contributor
    Comments (3) | Send Message
     
    JAB's sportswear sucks, they might be trying to upgrade it, but don't go after a has been
    3 Feb 2014, 09:07 AM Reply Like
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