Ed Brackett, USA TODAY
The Men's Wearhouse will buy Jos. A. Bank Clothiers for $1.8 billion, the companies said in a news release Tuesday
Boards of directors of the companies have unanimously approved the transaction.
Men's Wearhouse and Jos. A. Bank combined will have more than 1,700 stores in the U.S., with about 23,000 employees, according to a PRNewswire release posted on both companies' websites.