Kaufman & Forman, P.C.
Call to arrange a consultation
678-957-7769 | 770-390-9200
Contact Us
practice areas

Latest mergers and acquisitions: Men's Warehouse, Jos. A. Bank

Georgia fans of Men's Warehouse may be pleased to know that the company emerged the victor in a battle with Jos. A. Bank to determine which company would become the country's fourth largest men's clothier. As mergers and acquisitions go, this one was more of a dispute. Five months ago, the two companies began by trying to outbid each other to determine which company would be the surviving entity.

It began when Jos. A. Bank offered to purchase Men's Warehouse for somewhere in the neighborhood of $2.3 billion last October. When Men's Warehouse turned down the officer, Jos. A. Bank offered to increase the price if the company's books were turned over for examination. Instead of allowing Jos. A. Bank a look at the company's finances, Men's Warehouse countered with an offer of its own. From November to present, the offer from Men's Warehouse to purchase Jos. A. Bank went from $1.5 billion to a final price of $1.8 billion, which Jos. A. Bank accepted.

During negotiations, Jos. A. Bank toyed with the idea of acquiring Eddie Bauer. That acquisition was terminated as part of the agreement with Men's Warehouse. Since both clothing stores are in some malls, Men's Warehouse achieves some cost savings by closing what will become duplicate stores once the merger is complete.

As with many mergers and acquisitions, a few obstacles are expected in the first year or so. The particulars of the merger are not available at this time, but most likely numerous legal and business steps to be taken before the deal is considered final. Georgia businesses that have been part of a merger or acquisition understand that knowledge of the intricacies of the process is invaluable in ensuring everything goes smoothly and nothing is forgotten that could become a problem later.

Source: Reuters, Men's Wearhouse stitches up deal to buy Jos. A. Bank, Siddharth Cavale and Olivia Oran, March 11, 2014

No Comments

Leave a comment
Comment Information

Contact Kaufman & Forman, P.C. Now

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

get Legal Help Now

Kaufman & Forman, P.C.
8215 Roswell Road
Building 800
Atlanta, GA 30350

Toll Free: 800-461-5864
Phone: 678-957-7769
Fax: 770-395-6720
Atlanta Law Office Map

Review Us

Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.