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March 11, 2014 AT 7:31 AM
According to people briefed on the matter, Men’s Wearhouse and Jos.Bank are expected to announce a deal as early as Tuesday that would end months of hostilities between the two retailers. These people said, that the companies and their advisers worked through the weekend and are closing in on a deal in which Men’s Wearhouse would acquire Jos. A. Bank for about $65 a share in cash. That price would give Jos. A.