Dive Summary:

• Men's Wearhouse on Monday made a $1.6 billion cash offer to acquire Jos. A. Bank.
• The hostile bid came after Jos. A. Bank announced on Friday that it would ratchet up efforts to prevent any unsolicited takeover attempts from its retail rival.
• The men’s clothier recently rebuffed a bid from Men’s Wearhouse last month to acquire the company, stating that the $1.5 billion offer undervalued the company.

Dive Insight:

This is just the latest development in an ongoing saga between the two companies. Jos. A. bank initially submitted an unsolicited takeover bid of $2.3 billion to Men’s Wearhouse in September 2013, which was publicly rejected by the company. Men’s Wearhouse then countered the offer with its own $1.5 billion bid, which was rejected by Jos. A Bank. Tensions between the two parties are clearly still strong.