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Switcheroo at Men's Wearhouse

 (Image source: nypost)

After rejecting numerous acquisition attempts from Jos. A. Bank Clothiers Inc (NASDAQ:JOSB), The Men's Wearhouse, Inc. (NYSE:MW) is now proposing to buy Jos. A. Bank for $55 per share in cash. This too funny! Men’s Wearhouse is the suitor position now. According to Bloomberg, the offer is worth $1.5 billion with a premium of nearly 9 percent over Jos. A. Bank’s closing price on Monday. Shares in both retailers are trading higher in the opening. The similarity between the two retailers makes it highly likely that a merger will occur.