Definition: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Input: Men's Wearhouse submitted an offer last week to buy rival Jos. A. Bank. 
  
 Jos. A. Bank's message to shareholders Friday? You're not going to like the way it looks. 
  
 Men's Wearhouse's $1.6 billion hostile bid offered Jos. A. Bank (JOSB) stockholders $57.50 a share, a modest premium from Friday's closing price of $56.49. 
  
 "The Offer significantly undervalues Jos. A. Bank, and its future prospects," Jos. A. Bank (JOSB) said Friday. "Men's Wearhouse's true motives are unclear and its commitment to the Offer is not credible." 
  
 The firm added that it "is continuing to consider strategic alternatives, including acquisitions, which will maximize stockholder value." 
  
 The announcement marks the latest development in the months-long takeover battle between the two menswear merchants. 
  
 Jos. A. Bank made an offer to buy Men's Wearhouse last year for $2.4 billion. Men's Wearhouse rejected that bid and countered with an unsolicited bid of $55 a share for Jos. A. Bank -- a proposal that was also rejected. 
  
 Related: Time Warner Cable rejects merger plan 
  
 "Given that the Jos. A. Bank Board has publicly acknowledged the compelling strategic logic of this transaction, we think Jos. A. Bank shareholders should question why their Board is refusing to negotiate with us to reach an agreement that will deliver to them significant value," Men's Wearhouse said Friday. 
  
 Earlier this month, Jos. A. Bank announced a shareholders' rights plan, commonly known as a poison pill defense, to block hostile bids by granting additional shares should any buyer acquire 10% of its shares. 
  
 It's been a tumultuous few months for Men's Wearhouse, which is under pressure from its largest shareholder, Eminence Capital, to secure a deal. 
  
 Last June, the retailer announced the firing of George Zimmer, its chairman, founder and long-time pitchman. ||||| Jos. A. Bank Clothiers Inc. (JOSB), the retailer resisting a merger with Men’s Wearhouse Inc. (MW), said it will buy the Eddie Bauer brand for cash and new shares, and buy some of its own stock at an 18 percent premium to reward shareholders. 
  
 Jos. A. Bank’s purchase of Eddie Bauer is based on an enterprise value of $825 million, including $564 million in cash, the Hampstead, Maryland-based company said today in a statement. The retailer may pay an “earn-out” of $50 million based on Eddie Bauer’s 2014 earnings. Eddie Bauer, founded in 1920 and based in Bellevue, Washington, is best known for its clothing for outdoor enthusiasts. 
  
 The combination will create “substantial opportunities for growth and synergies while allowing two iconic American brands to share core competencies and demographically similar customer bases,” Jos. A. Bank said. Golden Gate Capital Corp., the San Francisco-based private-equity firm that owns Eddie Bauer, will become a “significant” shareholder in Jos. A. Bank. 
  
 The purchase will probably add to Jos. A. Bank’s earnings per share immediately, with a “potential for substantial accretion in 2015 and beyond,” the company said. Jos. A. Bank has a definitive agreement to acquire Everest Holdings LLC, parent company of the Eddie Bauer brand, it said. 
  
 Photographer: Andrew Harrer/Bloomberg Jos. A. Bank Clothiers Inc., the retailer resisting a merger with Men’s Wearhouse Inc., said it will buy the Eddie Bauer brand based on an enterprise value of $825 million. Close Jos. A. Bank Clothiers Inc., the retailer resisting a merger with Men’s Wearhouse Inc.,... Read More Close Open Photographer: Andrew Harrer/Bloomberg Jos. A. Bank Clothiers Inc., the retailer resisting a merger with Men’s Wearhouse Inc., said it will buy the Eddie Bauer brand based on an enterprise value of $825 million. 
  
 Long Interest 
  
 “Eddie Bauer has long been of interest,” the company said. The buyer “has been engaged in an intensive process over the last two years to identify and review high-potential acquisition candidates.” Jos. A. Bank first contacted Golden Gate in early 2012, it said. 
  
 The combined company is expected to generate more than $2.1 billion in revenue this year, according to Jos. A. Bank, which had $1.05 billion in sales in the year ended Feb. 2, 2013. 
  
 To reach the deal, Jos. A. Bank agreed to issue about 4.7 million new shares to Everest Topco at $56 per share, it said. Everest Topco may get the additional $50 million based on Eddie Bauer’s earnings before interest, taxes, depreciation and amortization for fiscal year 2014. 
  
 Jos. A. Bank said the purchase price represents a multiple of 9.5 times 2013 estimated adjusted Ebitda, including $25 million of potential synergies. Everest Topco will own about 16.6 percent of Jos. A. Bank’s shares upon completion and will have the right to appoint two directors. 
  
 Eddie Bauer is “the largest vertically integrated U.S. retailer dedicated to the outdoor enthusiast,” Jos. A. Bank said. 
  
 CEO Plans 
  
 Jos. A. Bank Chairman Robert Wildrick said he looks forward to working with his company’s chief executive officer, Neal Black, and with Eddie Bauer CEO Mike Egeck “to capitalize on the combined strengths of the businesses.” 
  
 Jos. A. Bank is also starting a self-tender offer for as much as 16.4 percent of its outstanding shares at $65 a share, it said. The stock closed yesterday at $54.92. The total value of the stock purchase will be as much as $300 million. 
  
 Men’s Wearhouse has approached Jos. A. Bank with an offer of $57.50 a share, which Jos. A. Bank says is too low. The stock has fallen from that price, signaling investors don’t expect the companies to work out a deal, even though Men’s Wearhouse has said it may be willing to increase the offer. 
  
 The two retailers have been in conflict since October when Men’s Wearhouse spurned an unsolicited bid from Jos. A. Bank. A month later, Men’s Wearhouse offered to buy the smaller chain for $55 a share in a tactic known as a Pac-Man defense, where a target thwarts being taken over by instead bidding for its suitor. 
  
 Quarterly Earnings 
  
 Jos. A. Bank said today in a separate statement that fiscal fourth-quarter adjusted earnings per share will be about $1.04 to $1.10, compared with 98 cents a year earlier. That missed analysts’ average estimate of $1.25, according to data compiled by Bloomberg. Sales rose 0.4 percent. 
  
 “Throughout the critical holiday selling season our business was robust,” CEO Black said. “Unfortunately, our post-Christmas clearance sales started slowly and then the snowstorms and nationwide deep freeze significantly impacted our business in the final days of December and the first week of January.” 
  
 To contact the reporter on this story: David Risser in London at drisser@bloomberg.net 
  
 To contact the editor responsible for this story: David Risser at drisser@bloomberg.net |||||
Output:
Men's Wearhouse really wants to buy rival Jos. A. Bank, but the deal announced today is all about the latter, not the former. Jos. A. Bank is buying Eddie Bauer's parent company in a cash and stock deal worth $825 million, Bloomberg reports. The combination will allow "two iconic American brands to share core competencies and demographically similar customer bases," Jos. A. Bank said, though the two will run independently of each other. Combined, expected revenues for 2014 are $2.1 billion; Jos. A. Bank's sales totaled $1.05 billion in the year ended Feb. 2, 2013. But the door hasn't been slammed shut for Men's Wearhouse, reports the AP. Even as it announced the deal, Jos. A. Bank said it may end it if it receives an acquisition offer for its company that it feels is superior. It would have to pay a termination fee if it accepted such an offer. The Hampstead, Md.-based retailer said that the Eddie Bauer transaction includes $564 million in cash and about 4.7 million new shares of Jos. A. Bank stock issued to Everest Topco at $56 per share.