This Underwear Stock Just Soared 40%. It Got a $5 Billion Bid, Says Report. -- Barrons.com

Dow Jones

Aug 12

By Elsa Ohlen

Hanesbrands stock soared in premarket trading following a media report that the U.S. underwear-maker behind Hanes and Playtex may soon be acquired by Gildan Activewear.

The companies are nearing a deal which would value Hanesbrands at about $5 billion, including debt, the Financial Times reported early Tuesday, citing people familiar with the matter. Hanesbrands had a market value of just over $1.7 billion coming into Tuesday trading.

Neither company immediately responded to a request for comment outside regular office hours.

Shares of Hanesbrands were up 38% to $6.62 while Gildan shares fell 8.5% to $46.62 in premarket trading.

Hanesbrands has had a rough year with shares down 41% amid soft sales in the past few quarters and the threat of increasing costs as a result of President Donald Trump's tariffs. However, it reported second-quarter earnings last week that beat expectations.

Meanwhile Gildan, which is known for its branded T-shirts, were trading at close to record high.

Write to Elsa Ohlen at elsa.ohlen@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

August 12, 2025 07:06 ET (11:06 GMT)

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It Got a $5 Billion Bid, Says Report. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-12 19:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Elsa Ohlen \n</p>\n<p>\n  Hanesbrands stock soared in premarket trading following a media report that the U.S. underwear-maker behind Hanes and Playtex may soon be acquired by Gildan Activewear. \n</p>\n<p>\n     The companies are nearing a deal which would value Hanesbrands at about $5 billion, including debt, the Financial Times reported early Tuesday, citing people familiar with the matter. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 12, 2025 07:06 ET (11:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIL","symbol_name":"吉登运动服","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2558649461","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558649461","pubTimestamp":1754996760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hanesbrands stock soared in premarket trading following a media report that the U.S. underwear-maker behind Hanes and Playtex may soon be acquired by Gildan Activewear.The companies are nearing a deal which would value Hanesbrands at about $5 billion, including debt, the Financial Times reported early Tuesday, citing people familiar with the matter. 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Hanesbrands had a market value of just over $1.7 billion coming into Tuesday trading. \n\n\n     Neither company immediately responded to a request for comment outside regular office hours. \n\n\n     Shares of Hanesbrands were up 38% to $6.62 while Gildan shares fell 8.5% to $46.62 in premarket trading. \n\n\n     Hanesbrands has had a rough year with shares down 41% amid soft sales in the past few quarters and the threat of increasing costs as a result of President Donald Trump's tariffs. However, it reported second-quarter earnings last week that beat expectations. \n\n\n     Meanwhile Gildan, which is known for its branded T-shirts, were trading at close to record high. \n\n\n     Write to Elsa Ohlen at elsa.ohlen@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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