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Gildan Activewear ( (TSE:GIL) ) has shared an announcement.
On August 13, 2025, Gildan Activewear Inc. announced a definitive merger agreement to acquire HanesBrands Inc., creating a global leader in basic apparel. The transaction, valued at approximately $2.2 billion in equity and $4.4 billion in enterprise value, is expected to double Gildan’s revenues and enhance its market positioning. The merger aims to realize $200 million in annual cost synergies within three years and is anticipated to be immediately accretive to Gildan’s adjusted diluted EPS. The combined entity will benefit from expanded scale, enhanced product diversification, and strengthened go-to-market capabilities, with HanesBrands shareholders owning approximately 19.9% of Gildan shares. The merger has been unanimously approved by both companies’ boards and awaits HanesBrands shareholder approval and regulatory clearances.
The most recent analyst rating on (TSE:GIL) stock is a Buy with a C$64.00 price target. To see the full list of analyst forecasts on Gildan Activewear stock, see the TSE:GIL Stock Forecast page.
Spark’s Take on TSE:GIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GIL is a Outperform.
Gildan Activewear’s strong financial performance and positive earnings call are key strengths, supporting a solid overall score. Technical indicators suggest some caution, while valuation remains reasonable. The company’s strategic initiatives and market share gains provide confidence in future growth.
To see Spark’s full report on TSE:GIL stock, click here.
More about Gildan Activewear
Gildan Activewear Inc. operates in the apparel industry, primarily focusing on basic apparel products. The company is known for its low-cost, vertically integrated manufacturing network and offers a range of activewear and innerwear products. Gildan is headquartered in Montréal, Québec, Canada.
Average Trading Volume: 388,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$10.1B
For detailed information about GIL stock, go to TipRanks’ Stock Analysis page.