“If, in the future, we are invited by the Men’s Wearhouse board to discuss our acquisition of Men’s Wearhouse, or if circumstances were otherwise to change, Jos. A. Bank may consider whether a new proposal to acquire Men’s Wearhouse is warranted,” write Jos. A. Bank chairman Robert N. Wildrick in a letter to Men’s Wearhouse CEO Doug Ewert.
Jos. A. Bank first revealed in early October that it made a $2.3 billion ($48 per share) for Men’s Wearhouse in September. Men’s Wearhouse publicly and emphatically rejected the offer and Jos. A. Bank countered by saying it may make a hostile bid. Last week, hedge fund Eminence Capital—the largest shareholder in Men’s Wearhouse—said it was disappointed that the retailer did not engage in talks with Jos. A. Bank.