Willkie client The Men’s Wearhouse announced the successful completion of its previously announced acquisition of Jos. A. Bank Clothiers, Inc. The acquisition was effected through the all-cash tender offer by Men’s Wearhouse’s wholly owned subsidiary, Java Corp., to acquire all of the issued and outstanding shares of common stock (including associated stock purchase rights) of Jos. A. Bank for $65.00 net per share in cash, or total consideration of $1.8 billion.
The deal, announced on March 11, ended a six-month merger battle, resulting in a combined company with more than 1,700 stores in the U.S., approximately 26,000 employees and sales of $3.5 billion on a pro forma basis. Earlier in June, the firm assisted Men’s Wearhouse in securing regulatory approval for the merger. Willkie also represented Men’s Wearhouse in negotiating and closing a committed $2.2 billion financing package for the acquisition consisting of a $1.1 billion senior-secured term loan, a $500 million ABL revolving credit facility and a $600 million high-yield notes offering.
