In a deal worth $1.8 billion, Men's Wearhouse (NYSE:TLRD) is finally buying Jos. A. Bank (UNKNOWN:JOSB.DL). The market loved the deal, with both stocks up on the news, but in this segment from Tuesday's Investor Beat, host Chris Hill and Motley Fool analysts Morgan Housel and Mike Olsen discuss who the real winners were. Mike points squarely at Jos. A. Bank shareholders, as Men's Wearhouse will be paying an outstanding 10 times EV/EBITDA for the company.

In the video, the guys discuss why the elimination of an element of irrational competition is one factor making the deal worth the price, as well as why men's apparel may be an easier market than other apparel markets, and what the experience of shopping at the new combined company may look like from here.

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