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13.08.25 - 19:31
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Gildan to Buy Hanesbrands for $2.2 Billion (Bloomberg)
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Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 billion in cash and stock.
Montreal-based Gildan is offering Hanesbrands holders roughly $6 a share, based on the companies' closing prices on Aug. 11, representing a premium of about 24% to the closing price on that date, according to a statement Wednesday. Including debt, the company's largest deal ever values Hanesbrands at about $4.4 billion.
“With this transaction, our revenues will double and we achieve a scale that distinctly sets us apart,” Gildan's Chief Executive Officer Glenn Chamandy said in the press release. The company is a global player in the cheap-clothing trade that churns out T-shirts and socks for the likes of Walmart Inc. and Nike Inc. and under its own brands, including American Apparel. Bloomberg's Abigail Gilmartin reports. (Source: Bloomberg)...
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13.08.25 - 12:48
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Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader (GlobeNewswire EN)
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MONTREAL and WINSTON-SALEM, N.C., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (“Gildan”) (TSX: GIL and NYSE: GIL) and HanesBrands Inc. (“HanesBrands”) (NYSE: HBI) today announced that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately $2.2 billion and an enterprise value2 of approximately $4.4 billion for HanesBrands, based on the closing price of Gildan common stock on August 11, 2025....
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