On Tuesday's edition of Investor Beat, host Chris Hill and Fool analysts Matt Koppenheffer and David Hanson take a hard-hitting look at today's biggest investing news.
Last month, Joseph A. Bank (UNKNOWN:JOSB.DL) offered to buy rival Men's Wearhouse (NYSE:TLRD) for $2.3 billion. Men's Wearhouse immediately rejected the offer but today turned the tables and made an offer to buy out Joseph A. Bank for $1.5 billion. Both stocks were up on the news. Is now the time for investors to get in on Men's Wearhouse? In the lead story on today's Investor Beat, Matt and David look at why the deal makes sense, and whether they would want to be a shareholder of the new merged company.