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Jos. A. Bank and Eddie Bauer is ready to be family

The company announced Friday that it has reached an agreement to buy the outdoor retailer Eddie Bauer for $825 million after a hostile bid from its rival, Men’s Wearhouse.

However, this deal with Eddie Bauer can still be forfeited if the board of director decides to accept Men’s Wearhouse offer.

Eddie Bauer, based in Seattle, was famous for its quilted goose down jacket and developed early reputation as provider for clothings and sleeping bags for the military.

Jos. A. Bank share dropped in trading as the company warned that its fourth quarter earnings may not be as good as expected due to heavy discount after Christmas sales.