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Jos. A. Bank Clothiers Inc.
Jos. A. Bank earnings slip on costs related to takeover
Jos. A. Bank earnings slip on costs related to takeover

Jos. A. Bank Clothiers saw its earnings slide in the fourth quarter as the menswear retailer attempted to fight off a takeover by Men's Wearhouse. The Hampstead-based retailer ultimately succumbed, agreeing to a $1.8 billion merger with its larger rival in March. For the quarter ended Feb. 1, Bank reported that it earned $27.4 million, down from $28.4 million in the comparable quarter a year earlier. Earnings per share slipped to 98 cents from $1.01. Bank said legal and advisory costs related to the takeover battle reduced its earnings per share by 7 cents. Sales, meanwhile, rose slightly to $356.1 million for the quarter, up from $354.8 million a year earlier. R. Neal...

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