Jos. A. Bank To Review Men's Wearhouse's Sweetened Offer

(RTTNews) - Jos. A. Bank Clothiers, Inc. (JOSB) said Monday that its Board of Directors will review all aspects of the revised, unsolicited tender offer for the company announced today by The Men's Wearhouse, Inc. (MW) and will make a recommendation to stockholders in due course.

The company advised its stockholders to take no action on the tender offer until the company's Board of Directors has announced its recommendation.

Earlier Monday, Men's Wearhouse sweetened its offer for Jos. A. Bank Clothiers to $63.50 a share, and also offered to up the ante to $65.00 if the clothing retailer terminates its deal to buy Eddie Bauer.