POSTED: Tuesday, January 7, 2014 - 6:00am
UPDATED: Tuesday, January 7, 2014 - 6:14am
Bank says $1.54 billion bid is too low
Fremont, CA — The Houston Chronicle is reporting; Men's Wearhouse is raising its offer for Jos. A. Bank Clothiers to about $1.61 billion and taking the bid directly to its rival's shareholders. It also plans to nominate two people to the Jos. A. Bank board.