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Restructuring and Recapitalization
Jos. A. Bank posts quarterly loss related to merger with Men's Wearhouse
Jos. A. Bank posts quarterly loss related to merger with Men's Wearhouse

Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first-quarter loss stemming from merger-related expenses. In what is probably its last earnings report as an independent company, the Hampstead-based men's apparel chain reported Friday a loss of $1.33 per share for the three-month period that ended May 3. Bank reported earnings after the close of the market. Its stock closed up 4 cents at $64.97 per share. Bank accepted its Houston-based rival's takeover offer March 11. The deal is paying Bank's stockholders $65 a share in cash, with a tender offer that was extended...

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