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0 -0.000271886895051604 -0.00108754758020661 -0.00163132137031001 -0.00978792822185969 -0.0135943447525829 -0.0146818923327895 -0.0176726481783578
Stock impact report

Former Gildan CEO considered acquisition of Hanesbrands - Bloomberg [Seeking Alpha]

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: Seeking Alpha
Hanebrands ticked higher by 0.5%. Chamandy, at a board meeting near the end of October, presented a plan that included the potential purchase of rival Hanesbrands, according to a Bloomberg report on Thursday, which cited a document viewed by the publication. The presentation was crafted with the help of Boston Consulting Group. Another option that Chamandy considered at the time was the acquisition of two large apparel distributors, which were valued at more than $3 billion, according to the report. Chamandy told Bloomberg in an interview that the October presentation to the board was an overview of potential opportunities, “which we do every single year,” he said in the interview. “There was no engagement with any potential acquisition targets, and we did not hire any advisers, such as investment bankers, to pursue them.” The story comes after a report on Wednesday that Gildan Activewear ( GIL ) wants potential bidders to submit their offers for the company by April 10. The s Show less Read more
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