Jos. A. Bank, Men's Wearhouse Start Secret Talks

Jos. A. Bank, Men's Wearhouse Start Secret Talks
(New York, NY) -- Men's Wearhouse and competitor Joseph A. Bank are finally entering talks regarding a possible merger. Men's Wearhouse issued a statement Monday morning saying the company had signed a non-disclosure agreement with its rival. The agreement will allow the two companies to exchange confidential financial information and hold talks regarding a possible merger. The two menswear chains have issued buyout offers for each other over the past few months, with the most recent offer from Men's Wearhouse rejected by Joseph A. Bank last week.