Gildan Activewear To Buy HanesBrands In $4.4B Deal
Synopsis
The firms stated that HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock.
Gildan Activewear Inc. (GIL) is set to acquire HanesBrands Inc. (HBI) in a transaction valued at about $4.4 billion in enterprise value, the companies announced on Wednesday.
The firms noted that HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock
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