Jos. A. Bank Buys Eddie Bauer

"You're gonna like the way you look." But Men's Wearhouse may not like the way this deal looks. Archrival discount clothier Jos. A. Bank is buying outdoor apparel retailer Eddie Bauer, and that move could be aimed at repelling its suitor, Men's Wearhouse. Bank is paying $825 million in cash and stock for Bauer and buying back up to $300 million of its own stock at an 18 percent premium.

Advertisement—Continue Reading Below