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Thursday, January 30, 2014

Deals of the day- Mergers and acquisitions, (NYSE: MW)

The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Thursday:** Suit retailer Men's Wearhouse Inc said it was prepared, under certain conditions, to increase its offer for rival Jos. A. Bank Clothiers Inc. Men's Wearhouse said it could raise its $1.61 billion, or $57.50 per share, offer if additional value was discovered through discussions or limited due diligence.

The Men's Wearhouse, Inc. is a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. Shares of MW traded higher by 1.95% or $0.9/share to $47.00. In the past year, the shares have traded as low as $27.47 and as high as $52.72. On average, 1011330 shares of MW exchange hands on a given day and today's volume is recorded at 931615.