Dive Brief:

• Men’s Wearhouse rejected a recent bid from Jo. A Bank to acquire the men’s clothing retailer.
• The offer was worth a reported $2.3 billion, or $48 per share. The fallout from the obsolete potential offer has been positive thus far for both retailers.
• This week, public shares for Men’s Wearhouse are up 28% and 7.5% for Jos. A Bank.

Dive Insight:

Despite rejecting the potential offer, shares for Men’s Wearhouse have now reached a new six-year high, and Brian Sozzi, CEO & chief equities strategist at Belus Capital Advisors, believes a deal between the two retailers could still be completed in the future. No matter how you slice it, both parties seem to be walking away from the situation in good shape.