Dive Summary:

• Jos. A. Bank may consider a hostile takeover of Men’s Wearhouse, Bloomberg reports.
• The report of the potential action from Jos. A. Bank follows a previously rejected buyout offer for Men’s Wearhouse on Oct. 8.
• Men’s Wearhouse has adopted a “poison pill” policy preventing shareholder from controlling more than 10% of company shares.

Dive Insight:

“We want this to happen on a friendly basis … but at this point we have not ruled anything out,” says Jos. A. Bank. Chairman Robert Wildrick.  Men’s Wearhouse publicly rejected the earlier buyout offer of $2.3 billion claiming the bid undervalued the company at $48 per share. At the time, the offer represented a 36% premium on the closing price of shares.