Kekst and Company is handling today's Jos. A. Bank's $2.3B takeover offer for the larger Men’s Wearhouse, discount suit chain, a move quickly rejected by "inadequate" and "not in the best interests" of the target company.

jos a bankJAB chalked up about half of MW's $2.5B revenues during the past year.

CEO chairman Robert Wildrick believes the combined company will provide "sustainable value for our shareholders, greatly enhanced benefits for our customers and exciting opportunities for our employees."

The Hampstead, Md.-based operator of 623 stores in 44 states has gained the support from Golden Gate Capital, an investor in the retail sector, for the transaction. GGC relies on Sard Verbinnen & Co.

MW, which fired founder, chairman and chief pitchman George Zimmer in June, claims it "can achieve total shareholder returns well in excess of what can be derived from Jos. A. Bank’s unsolicited and inadequate proposal."

The Fremont, Cal.-based retailer (1,137 outlets) uses Joele Frank, Wilkinson Brimmer Katcher and Denard-Lascar Assocs. to work the investment and media communities.