Gildan comments on violations of us antitrust law by browning west

Browning west's rapid accumulation of gildan shares last month violated the us hart-scott-rodino act browning west illegally acquired stake in order to take control of the gildan board and reinstall former gildan ceo by requisitioning a special shareholders' meeting illegal share acquisitions demonstrate short-term, reckless, and poorly planned nature of browning west's campaign gildan plans to take all appropriate actions to protect shareholders montreal, jan. 21, 2024 (globe newswire) -- gildan activewear inc. (gil: tsx and nyse) (“gildan” or the “company”) today announced that it has learned that browning west, lp (“browning west”) accumulated shares in violation of the united states hart-scott-rodino antitrust improvements act of 1976 (the “hsr act”) as part of its misguided campaign to reinstall glenn chamandy as ceo of gildan. the hsr act is a us antitrust statute that requires investors to notify the us federal trade commission and us department of justice and comply with a 30-day waiting period before acquiring voting securities in excess of a certain ownership threshold.
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