Today, Men’s Wearhouse announced that they’ve received a merger proposal from Jos. A. Bank, and the two companies have a non-disclosure agreement about the negotiations, so maybe we in the media will stop following every move that the two make toward or away from each other in this soap opera. JB rejected the latest takeover offer from Men’s Wearhouse last week–one that required the company to abandon its plans to acquire Eddie Bauer.
Like an arranged marriage among the aristocracy, much of the pressure to merge is coming from outside but interested parties: specifically, Eminence Capital LLC, a shareholder in both companies.