Davis Polk is advising J.P. Morgan Securities LLC and Bank of America Merrill Lynch as financial advisers to The Men’s Wearhouse, Inc. in connection with its definitive agreement to acquire Jos. A. Bank Clothiers, Inc. for $65.00 per share in cash, or total consideration of $1.8 billion. The transaction, which is expected to close by the third quarter of 2014, is subject to satisfaction of customary closing conditions.
Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,124 stores. Jos. A. Bank Clothiers, established in 1905, is one of the nation’s leading designers, manufacturers and retailers of men’s classically styled tailored and casual clothing, sportswear, footwear and accessories, with 629 stores.
The Davis Polk team includes partners George R. Bason Jr. and Marc O. Williams, counsel Ajay B. Lele and associate Michael Crowley. All members of the Davis Polk team are based in the New York office.
