India, Aug. 13 -- Gildan Activewear, Inc. (GIL,GIL.TO) and HanesBrands, Inc. (HBI) announced Wednesday that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands.
This transaction implies an equity value of approximately $2.2 billion and an enterprise value of approximately $4.4 billion for HanesBrands, based on the closing price of Gildan common stock on August 11, 2025.
Following transaction close, Gildan's headquarters will continue to be located in Montreal, Quebec and the combined company will maintain a strong presence in Winston-Salem, North Carolina.
In addition, Gildan intends to initiate a review of strategic alternatives for HanesBrands Australia, which could include a sale or other t...