Gildan Activewear (GIL) is weighing a cash and stock offer for Hanesbrands (HBI) that would value the company at about $6 a share, Bloomberg’s Crystal Tse and Paula Sambo report. A deal would value Hanesbrands at nearly $4.5B including debt, according to the report. People familiar with the matter say a transaction could create synergies of about $200M or more and would be about 20% accretive to Gildan’s earnings. A deal could be announced as soon as this week, the people say.
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