Hanesbrands Share Price Surges on Record Merger Deal with Gildan Trading Volume Hits Top 500 Rank

On August 13, 2025, Hanesbrands (HBI) rose 3.72% with a trading volume of $350 million, a 20.56% decline from the previous day. The stock’s performance follows a landmark merger agreement with Gildan Activewear (GIL), which will see Hanesbrands shareholders receive 0.102 Gildan shares and $0.80 in cash per share, valuing the deal at $4.4 billion in enterprise value. The transaction, approved by both boards, aims to create a global apparel leader with $200 million in annual cost synergies over three years and immediate accretion to Gildan’s adjusted EPS.

The merger combines Gildan’s low-cost vertical manufacturing with Hanesbrands’ iconic innerwear brands and retail expertise. Post-merger, Hanesbrands shareholders will own 19.9% of Gildan’s shares, while the combined entity is expected to double Gildan’s revenue. Strategic benefits include expanded distribution channels, enhanced product diversification, and operational efficiencies. Gildan’s CEO highlighted the potential to leverage Hanesbrands’ heritage in activewear and Gildan’s retail reach, creating a stronger market position.

Financial terms include 87% stock and 13% cash for Hanesbrands shares, with $2.3 billion in committed financing. The deal is projected to maintain Gildan’s investment-grade credit profile, with net leverage expected to stabilize post-closure. Regulatory and shareholder approvals remain pending, with a targeted completion in late 2025 or early 2026.

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