Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader

Reuters
Aug 13
Aug 13 (Reuters) - Gildan Activewear Inc ::
*GILDAN AND HANESBRANDS AGREE TO COMBINE TO CREATE A GLOBAL BASIC APPAREL LEADER
*HANESBRANDS INC - DEAL VALUED AT $2.2 BILLION EQUITY, $4.4 BILLION ENTERPRISE
*HANESBRANDS INC - EXPECTED $200 MILLION ANNUAL COST SYNERGIES WITHIN THREE YEARS
*HANESBRANDS INC - SHAREHOLDERS TO RECEIVE 0.102 GILDAN SHARES, $0.80 CASH
*HANESBRANDS INC - SHAREHOLDERS TO OWN 19.9% OF GILDAN SHARES
*HANESBRANDS INC - GILDAN OBTAINS $2.3 BILLION COMMITTED DEAL FINANCING
*HANESBRANDS INC - OFFER IMPLIES $6.00 PER HANESBRANDS SHARE, 24% PREMIUM
*HANESBRANDS INC: GILDAN IS REAFFIRMING ITS FULL YEAR 2025 REVENUE AND EPS GUIDANCE
*HANESBRANDS INC: GILDAN OUTLOOK 2026-2028 NET SALES GROWTH AT COMPOUND ANNUAL GROWTH RATE IN 3-5% RANGE
*HANESBRANDS INC: GILDAN INTENDS TO INITIATE REVIEW OF STRATEGIC ALTERNATIVES FOR HANESBRANDS AUSTRALIA, INCLUDING SALE OR OTHER TRANSACTION
*HANESBRANDS INC: DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO GILDAN'S ADJUSTED DILUTED EPS
*HANESBRANDS INC: GILDAN OUTLOOK 2026-2028 ADJUSTED DILUTED EPS CAGR IN LOW 20% RANGE

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 13-AUG-202510:45:09.837 GMT

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