TheStreet’s Action Alerts PLUS Co-Portfolio Manager Jim Cramer says Jos. A. Bank has essentially taken a poison pill by announcing it will buy Eddie Bauer for $825 million in a cash and stock deal. Cramer says Jos. A. Bank’s original idea to team up with Men’s Wearhouse made sense but Eddie Bauer does not. Cramer says he would be a seller of both Men’s Wearhouse and Jos. A. Bank if the deal holds.
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