Gildan Activewear Inc., a Montreal-based apparel manufacturer, has agreed to acquire US-based underwear maker Hanesbrands Inc. for approximately $2.2 billion in cash and stock. This deal aims to double Gildan’s annual sales. The offer values Hanesbrands at about $4.4 billion, including debt, representing a 24% premium over the company’s closing price on August 11. Gildan is offering shareholders around $6 per share, significantly exceeding the previous close.
Source: https://www.bloomberg.com/news/articles/2025-08-13/gildan-to-buy-underwear-maker-hanesbrands-for-2-2-billion