Retailer jos. A. Bank to buy eddie bauer for $825 million

A shirt and tie are displayed at a Jos. A. Bank retail store in San Francisco. Getty Images Men's clothing retailer Jos. A. Bank Clothiers said it would acquire the Eddie Bauer clothing

brand from private equity firm Golden Gate Capital for an enterprise value of $825 million. Jos. A. Bank will pay $564 million in cash and issue about 4.7 million new shares to Everest

Topco, the parent company of Eddie Bauer and a portfolio company of Golden Gate. Jos. A. Bank expects the deal to immediately add to earnings, and said it expects the combined company's

revenue to exceed $2.1 billion in 2014. (_Read more_: Men'sWearhouse top investor backs Jos. A. Bank bid) —_By Reuters_