Gildan Activewear Inc. has agreed to acquire all outstanding shares of Hanesbrands Inc. Under the terms of the agreement, Hanesbrands shareholders will receive 0.102 Gildan common shares and $0.80 in cash for each Hanesbrands share. The implied present value of the consideration to be paid per Hanesbrands share ranges from $5.87 to $8.70. The companies have also disclosed that, following the filing of previous proxy statements, they received complaints from some Hanesbrands stockholders regarding the adequacy of disclosures. In response, Hanesbrands and Gildan have provided supplemental disclosures to address these concerns and avoid potential litigation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hanesbrands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-286319), on November 18, 2025, and is solely responsible for the information contained therein.