Business

Activist suits up for Jos. A. Bank

Jos. A🥂. Bank is being fitted for a new suit — a lawsuit, that is.

Activist investment firm Eminence Capital said Monday it is suing Jos. A. Bank to force it into merger talks with arch rival Men’s Wearhouse, which has launched a hostile $1.6 billion take൲over bid.

Eminence likewise sued to block Jos. A. Bank from potentially acquiring another company itself — a move that Jos. A. Bank recently said it is weighing, and which could derail a ꦛdeal with Men’s Wearhouse.

“We firmly🧔 believe that you will not be able to deliver comparable value to shareholders through any other strategic transaction or act☂ion available to you,” Eminence CEO Ricky Sandler wrote in a letter to Jos. A. Bank’s board.

Jos. A. Bank shares closed Monday at $56.41, versus the $57.50 that has been offered by Men’s Wearho൲use.