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Stock impact report

Gildan HanesBrands Deal Reshapes Basics Portfolio And Margin Outlook [Yahoo! Finance]

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: Yahoo! Finance
Gildan Activewear has agreed to acquire US apparel rival HanesBrands, in a deal that will significantly expand its product reach and manufacturing footprint. Management is preparing an integration roadmap that is expected to cover manufacturing optimizations, cost and revenue synergies, and options for a possible divestiture of HanesBrands Australia. The market is watching closely for details on how the combined business will be organized and which parts of HanesBrands will remain core to Gildan's future plans. For investors following TSX:GIL, this deal comes after a strong period for the stock. Gildan Activewear is trading at CA$98.62, with returns of 14.1% year to date and 28.8% over the past year. Over three and five years, returns of 142.0% and 181.3% respectively underline how closely the market tracks major moves such as this acquisition. The next key catalyst is the integration roadmap, which should clarify how management intends to capture cost and revenue synergies a Show less Read more
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