Gildan and hanesbrands agree to combine to create a global basic apparel leader

Montreal and winston-salem, n.c., aug. 13, 2025 (globe newswire) -- gildan activewear inc. (“gildan”) (tsx: gil and nyse: gil) and hanesbrands inc. (“hanesbrands”) (nyse: hbi) today announced that they have entered into a definitive merger agreement under which gildan will acquire hanesbrands. this transaction implies an equity value of approximately $2.2 billion and an enterprise value2 of approximately $4.4 billion for hanesbrands, based on the closing price of gildan common stock on august 11, 2025.
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