US EditionGildan Activewear in Talks to Acquire HanesBrands for Nearly $5 Billion, Reports Say
Gildan aims to expand its market presence by acquiring HanesBrands in a $5 billion deal, combining two major apparel companies headquartered in North Carolina.
- Gildan Activewear has signed a deal to acquire HanesBrands for US$2.2 billion in shares and cash.
- HanesBrands shareholders will receive 0.102 shares of Gildan and 80 cents US for each share they own.
- The transaction requires approval from HanesBrands shareholders and is subject to other customary closing conditions.
- The deal is expected to close in late 2025 or early 2026.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
Ottumwa CourierReposted by 
ivpressonline.com
ivpressonline.comCanada's Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is buying HanesBrands for $2.2 billion, giving the basic apparel maker access to brands including Hanes and Maidenform. The companies put the transaction’s valued at about $4.4 billion when including debt. HanesBrands shareholders will receive 0.102 common shares…
Coverage Details
Total News Sources11
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
Factuality
To view factuality data please Upgrade to Premium
