Jos. A. Bank To Buy Eddie Bauer
STEVE INSKEEP, HOST:
NPR's business news starts with a big clothing purchase.
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INSKEEP: Big purchase this morning. The giant clothing chain store Joseph A. Bank announced it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in cash and stock. That's a lot of short sleeve shirts. This acquisition comes in the midst of ongoing hostile efforts by Joseph A. Bank and its main competitor Men's Warehouse to buy each other.
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