Does George Zimmer like the way this merger looks?
FORTUNE — Earlier this month, Men’s Wearhouse MW agreed to acquire Jos. A Bank Clothiers JOSB for $1.8 billion in cash. It brought to a close six months of back-and-forth negotiations that arguably was touched off by Men’s Wearhouse’s decision last summer to fire founder, former CEO and TV pitchman George Zimmer. But Zimmer had declined to opine on the agreement, until now.
In a statement to Fortune, Zimmer said the following:
Not exactly a definitive statement, but it is in keeping with his sentiments during an exclusive interview with Fortune last December. In that conversation, he continued to express more concern about the effect of culture drift on Men’s Wearhouse employees. When asked at the time about his initial reaction to the merger talk, here was how he responded:
At today’s opening price for Men’s Wearhouse stock, a position of one million shares would be worth around $52 million.
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