Gildan to Acquire HanesBrands in $4.4 Billion Deal, Doubling Revenue and Expanding Global Reach

Reuters
08/13
Gildan to Acquire HanesBrands in $4.4 Billion Deal, Doubling Revenue and Expanding Global Reach

HanesBrands Inc. has announced a merger agreement with Gildan, under which HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock. The merger will result in the creation of a global basic apparel leader, combining the strengths of both companies to drive significant value creation. The transaction, approved by both companies' Boards of Directors, is expected to close in late 2025 or early 2026. Gildan intends to refinance HanesBrands' existing debt, totaling approximately $2 billion. The cash portion of the acquisition is anticipated to be around $290 million.

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: 0001193125-25-179411), on August 13, 2025, and is solely responsible for the information contained therein.

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