11:46 EDT - If Men's Wearhouse (MW) and Jos A Bank (JOSB) do decide they could be a good suit, it could be a long and drawn-out affair. JOSB offered $48 /shr, valuing MW at $2.3B billion, to be funded mostly with new debt. Stifel believes deal has better than 50% chance of being completed, and above the original offer price. However, it notes MW "is more than fully valued on a fundamental basis," cuts to hold from buy. JOSB said deal would boost trailing EPS by half, and its own estimates of potential gains from deal mean a higher price can't be ruled out. MW down 0.5% at $46 ; still up 30% from when the offer was announced. JOSB slips 1.3% at $48.23 .
(END) Dow Jones Newswires
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