Robert Wildrick, the chairman of Jos. A. Bank Clothiers has indicated that the company is looking at acquiring other targets as it scraps its proposed $2.3 billion cash bid for Men's Wearhouse.

Jos. A. Bank said on Friday that the deadline of 14 November, 2013 set by the suitor passed with a reply from Men's Wearhouse on discussions over the deal. He admitted that the deal to acquire Men's Wearhouse would still be suitable but said that Jos. A. Bank Clothiers is not moving to acquire other targets in the market.

Wildrick said, "The main thing we're looking for is something similar to what we're doing. Men's Wearhouse was at the top of our list of strategic alternatives, now we have to look at the other things on our list." He did not name the potential target for the company.

The passing of the deadline means that the original bid for Men's Wearhouse's won't be accepted. The fight for acquiring Men's Wearhouse, based in Fremont, is not over as largest investor, Eminence Capital LLC indicated that it will seek special meeting of shareholders for the matter.