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Shoppers are reflected in the window as they walk past an Eddie Bauer store, in Seattle. Jos. A. Bank Clothiers Inc. said today it is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million that will help strengthen its men's wear business and diversify its offerings.

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Bauer purchase aims to strengthen Bank

Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $825 million that will help strengthen its men’s wear business and diversify its offerings. The deal comes as Jos. A. Bank is being pursued by rival Men’s Wearhouse Inc.

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