Men's Wearhouse is raising its offer for Hampstead-based 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.

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JoS. A. Bank Clothiers, Inc. struck back against the recent takeover bid by The Men’s Wearhouse, Inc. on Friday, announcing that its board of directors has approved an amendment to its shareholder rights plan that will reduce the ownership threshold to 10 percent from 20 percent of outstanding common shares.

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Jos. A. Bank Clothiers, Inc. has rejected a takeover bid from The Men’s Wearhouse, but its decision signals no end to the Maryland menswear company’s acquisitions saga.

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Brides Against Breast Cancer, an affiliate of the Sarasota, Fla.-based Center for Building Hope, said it has formed a partnership with Hampstead-based Jos. A. Bank Clothiers Inc., a men’s clothing manufacturer and retailer, as the exclusive men’s formalwear sponsor of its annual Nationwide Tour of Gowns.

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Jos. A. Bank Clothiers Inc. announced favorable quarterly earnings Thursday, emphasizing the company’s growth strategies and marketing efforts, and briefly mentioning the potential for acquisitions.

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A proposed merger of Men’s Wearhouse Inc. and Jos. A. Bank Clothiers Inc. is likely a major win for shareholders, but several sources in men’s fashion question the ability of the brands to fuse harmoniously.

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HAMPSTEAD — Jos. A. Bank withdrew its $2.3 billion offer to buy rival Men’s Wearhouse. Jos. A. Bank made an unsolicited offer of $48 per share for Men’s Wearhouse Inc. in September. Men’s Wearhouse rejected the bid in October, calling ...

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NEW YORK — Men’s Wearhouse said Monday that it won’t give rival Jos. A Bank access to nonpublic information that it could use to assess whether to potentially raise its $2.3 billion buyout offer. Shares of both companies fell in ...

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HAMPSTEAD — Jos. A. Bank said Thursday that it will consider boosting its $2.3 billion buyout bid for Men’s Wearhouse, but that it will drop its offer in two weeks if there continues to be no discussions on the proposal. ...

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Hampstead-based men’s retailer Jos. A. Bank confirmed Wednesday that last month it approached The Men’s Wearhouse, its biggest rival, about purchasing the Texas-based company for $2.3 billion in cash

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