Gildan Activewear will acquire HanesBrands in a $4.4 billion deal, doubling Gildan’s revenues and expanding into iconic innerwear brands.
HanesBrands shareholders will get cash and shares, holding 19.9 per cent post-close.
The merger targets $200 million in cost synergies within three years, with over 20 per cent EPS accretion.
Headquarters will remain in Montreal.Gildan Activewear will acquire HanesBrands in a $4.4 billion deal, doubling Gildan’s revenues and expanding into iconic innerwear brands.
HanesBrands shareholders will get cash and shares, holding 19.9 per cent post-close.
The merger targets $200 million in cost synergies within three years, with over 20 per cent EPS accretion.
Headquarters will remain in Montreal.
