Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

Jos. A. Bank planning to merge with Eddie Bauer

Amanda Lysak 3 February 2014

Jos. A. Bank planning to merge with Eddie Bauer Jos. A. Bank has indicated that it is planning to consider a plan to acquire Eddie Bauer, which is a leading outdoor clothing retailer.

Robert Wildrick, the chairman of Jos. A. Bank Clothiers has indicated that the company is looking at acquiring other targets as it scraps its proposed $2.3 billion cash bid for Men's Wearhouse. Jos. A. Bank said that the deadline of 14 November, 2013 set by the suitor passed without a reply from Men's Wearhouse on discussions over the deal. He admitted that the deal to acquire Men's Wearhouse would still be suitable but said that Jos. A. Bank Clothiers is not moving to acquire other targets in the market.

Jos. A. Bank is planning to rebuff a hostile takeover bid by Men's Wearhouse and is now considering an alternative deal. The fight for acquiring Men's Wearhouse, based in Fremont, is not over as largest investor, Eminence Capital LLC indicated that it will seek special meeting of shareholders for the matter. Jos. A. Bank moved first by bidding $2.3 billion for the company in the previous year.