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Wed November 27, 2013
Men's Wearhouse Goes 'Pac-Man' On Joseph A. Bank
The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over Men's Wearhouse. The turnaround is an example of what Wall Street calls a Pac-Man defense.