Jos. A. Bank, Men's Wearhouse Will Talk About Merger

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Jos. A. Bank has agreed to meet with Men's Wearhouse to discuss a potential merger after rejecting a sweetened $1.78 billion bid from the rival menswear chain. The current Men's proposal is inadequate and not in the interests of investors, Jos. A. Bank said. It reiterated that its separate deal to buy Eddie Bauer - an agreement reached earlier this month - would create significant value for shareholders.

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