The Deal: Jos. A. Bank Still on The Hunt For Takeover Prospects
The Street - over 3 years
NEW YORK (The Deal) -- Jos. A. Bank Clothier is still shopping for acquisitions despite the termination of its $48 per share, $2.3 billion offer for Men's Wearhouse, Gilbert Harrison, chairman of investment bank Financo said Friday.
Financo, along with Goldman, Sachs & Co. , is Hampstead, Md.-based Jos. A. Bank's financial adviser.
Destination XL Group , formerly known as Casual Male Corp., with a market cap of about $320 million and also a purveyor of men's wear, has been reported to be a potential target.
Harrison said he couldn't comment on specific targets. He also declined to say whether private equity firm Golden Gate Capital might be on board for a deal other than Men's Wearhouse, though he did say that the two entities have an "extremely good relationship."
Despite looking for additional targets, Jos. A. Bank would still consider making a new offer for Men's Wearhouse, were the Houston-based company to change its mind, Harrison added. He emphasized, however, that the d
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