I'm really glad that the merger between Men's Warehouse and Jos A Bank's bombed. These were two great companies that constantly tried to one-up each other. I feel that level of competition led to both companies doing well. Then they got greedy and decided that competition wasn't easy and that collusion through merger would be better. Now they've killed the goose that laid the golden egg. Discount men's wear was Men's Warehouse and Jos A Bank's. I expect to see new companies enter this market to fill the void.

Corporate governance is a huge problem in the market right now. Like others have mentioned workers and stockholders will pay for the ineptness of this board. Short term gain via activist investors is leading to crappy mergers, stupid breakups, and what should be illegal inversions.

I actually believe this is another sign of a top in the market when you see "investors" trying to squeeze the last bit of gains though these types of schemes.