Gildan Activewear Acquires HanesBrands: Shareholders Approve Terms of $2.2 Billion Deal
ByAinvest
Monday, Nov 24, 2025 7:34 pm ET1min read
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Shareholders of Gildan Activewear and HanesBrands have agreed to the terms of their planned combination. HanesBrands shareholders will receive $0.80 in cash and 0.102 Gildan Activewear shares per share. The deal, valued at $2.2 billion, aims to create a more efficient manufacturing base and expand the Hanes brand into activewear.
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