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Report: Gildan Activewear in Talks to Acquire Hanesbrands
Gildan Activewear, headquartered in Montreal, Canada, is close to acquiring Hanesbrands in a potential $5 billion deal that includes debt, sources told the Financial Times. The talks are at an advanced stage, and a deal could be agreed by the end of the week, but sources cautioned that an acquisition may not be finalized.
The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.
"They are No. 1 in innerwear and unrivaled in their retail presence," Chamandy said Wednesday. "With this transaction, our revenues will double, and we achieve a scale that distinctly sets ...
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Gildan Activewear Inc. (TSE:GIL) is about to trade ex-dividend in the next 4 days. The ...
U.S. equities edged higher at midday, with the S&P 500 and Nasdaq adding to their record closes, on optimism the Federal ...
Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 ...
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Key deals this week: Gildan Activewear, Western Union, Sapiens, Perplexity, Teladoc Health and more
Gildan Activewear (NYSE:GIL) has agreed to acquire HanesBrands (NYSE:HBI) in a deal that implies an equity value of ~$2.2 billion and an enterprise value of ~$4.4 billion for HanesBrands. Western ...
S&P Global Ratings placed Hanesbrands’ debt ratings on CreditWatch positive because it believes Hanesbrands’ credit profile ...
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