In this video from Tuesday's edition of The Motley Fool's MarketFoolery, host Chris Hill and Fool analysts David Hanson and Morgan Housel take a deep dive into the market's hottest stories of the day.
Just last month, Jos. A. Bank (UNKNOWN:JOSB.DL) offered to buy Men's Wearhouse (NYSE:TLRD) for $2.3 billion, which MW immediately rejected. Today, however, Men's Wearhouse has come back with an offer to buy Jos. A. Bank instead, for $1.5 billion. Shares of both companies were up on the news, with shares of Jos. A. Bank rising even higher than where the buying price would value the company. Should investors be as excited about this deal as the market is? In this segment, David and Morgan discuss the two companies and whether they like the potential merger, and tell investors why Men's Wearhouse may look better as the acquirer than the acquiree.