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Men's Wearhouse To Buy Jos. A. Bank

Ashley LutzMar 11, 2014, 21:41 IST

Scott Olson/Getty Images

Men's Wearhouse is going to buy Jos. A. Bank for $65 per share in cash, according to Bloomberg News.

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The acquisition comes after months of hostile negotiations between the companies.

The deal gives Jos. A. Bank a market value of about $1.8 billion, according to Dealbook.

This story is developing. We'll update as we find out more.

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