Gildan completes HanesBrands acquisition, doubling its scale [Yahoo! Finance Canada]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance Canada
Gildan CEO Glenn Chamandy says in a press release that the acquisition will double the company's scale. He added that the priority now is to integrate HanesBrands and deliver on promises of at least US$200 million in cost savings through efficiencies. Montreal-based Gildan announced the deal to snap up HanesBrands for US$2.2 billion in August. Last week, shareholders of both companies agreed to the terms of the planned combination. A press release from S&P Dow Jones Indices indicates shares of HanesBrands will be exchanged for 80 cents US in cash and 0.102 shares of Gildan Activewear per each share held of HanesBrands. This report by The Canadian Press was first published Dec. 1, 2025. Companies in this story: (TSX: GIL) The Canadian Press
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GIL
News
- Gildan sees growth opportunities with HanesBrands acquisition – starting with better underwear [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Gildan Completes the Acquisition of HanesBrandsGlobeNewswire
- Should You Be Impressed By Gildan Activewear Inc.'s (TSE:GIL) ROE? [Yahoo! Finance]Yahoo! Finance
- Gildan Activewear (NYSE:GIL) (TSE:GIL) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Shareholders agree to terms of Gildan Activewear's purchase of HanesBrands [BNN Bloomberg (Canada)]BNN Bloomberg
GIL
Earnings
- 10/29/25 - Beat
GIL
Sec Filings
- 12/3/25 - Form 144
- 12/2/25 - Form 6-K
- 12/1/25 - Form S-8
- GIL's page on the SEC website