Men's Wearhouse and Jos. A. Bank finally enter merger talks

NEW YORK (CNNMoney)

Men's Wearhouse (MW) disclosed Monday that it has entered into a non-disclosure agreement with Jos. A. Bank (JOSB) under which the companies will exchange confidential financial data and hold talks on a possible deal.

Last Thursday, Jos. A. Bank rejected the most recent offer from Men's Wearhouse but said it would be open to a higher bid.

First Published: March 3, 2014: 7:26 AM ET

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