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Gildan Activewear in talks to acquire Hanesbrands for nearly $5 billion, according to reports
The $4.4 billion acquisition will double Gildan's revenues and create a global apparel company with $6.9 billion in annual revenue and $200 million in expected annual cost savings.
- Gildan Activewear has agreed to acquire Hanesbrands for $2.2 billion in cash and stock, combining Hanesbrands' branded retail presence with Gildan's wholesale presence.
- The deal represents a 24% premium over Hanesbrands' closing share price, and is expected to close in late 2025 or early 2026, subject to regulatory approval.
- Gildan expects $200 million in annual cost synergies within three years, and the deal is projected to be immediately accretive to Gildan's adjusted earnings per share.
62 Articles
62 Articles
Gildan to buy Hanesbrands for US$2.2 billion to expand basic apparel business
Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for US$2.2 billion in cash and stock, the companies said on Wednesday, as the Canadian firm looks to expand its foothold in basic apparel.
Gildan's Clothing has signed an agreement to acquire HanesBrands for US 2.2 billion in shares and cash.
Gildan Activewear on verge of buying NC-based HanesBrand for $5 billion: Reports
WINSTON-SALEM, N.C. (WGHP) — An international clothing company based in Winston-Salem is on the verge of being sold for $5 billion, according to the Financial Times. Gildan Activewear, a Canadian-based clothing manufacturer, is nearing a deal to acquire HanesBrands for $5 billion. Financial Times reports that "deal talks are at an advanced stage." However, while an agreement could be in place by the end of the week, talks still could break down.…
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