Gildan Activewear Inc. announced on August 13, 2025, that it has entered into a definitive merger agreement to acquire all outstanding shares of common stock of HanesBrands Inc. The agreement stipulates that both companies will operate in the ordinary course and maintain their current practices until the transaction is completed. The transaction is subject to customary conditions, including stockholder approval from HanesBrands. The merger aims to enhance Gildan's market presence and expand its product offerings.
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