Gildan Activewear (GIL) is said to be considering a cash and stock takeover offer for Hanesbrands (HBI) valued at about $6 per share, according to Bloomberg. Earlier this morning, the Financial Times’ Sujeet Indap and Oliver Barnes reported that Gildan is close to a deal to buy Hanesbrands, potentially valuing the U.S. company at about $5B, including debt.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBI:
- Morning Movers: On Holding and Circle Internet jump following earnings
- M&A News: Take Off for Hansebrands Stock (HBI) as Gildan Readies $5B Deal for Underwear Firm
- Gildan nears deal to buy Hanesbrands at about $5B valuation, FT reports
- Hanesbrands price target raised to $9 from $8 at UBS
- HanesBrands Inc. Reports Strong Q2 2025 Results