Hanesbrands Shares Rise 0.62% on $4.4B Gildan Acquisition Amid 438th Volume Ranking

On August 14, 2025, Hanesbrands Inc. (HBI) rose 0.62% to $6.37, with a trading volume of $230 million, a 35.29% decline from the prior day’s activity. The stock ranked 438th in volume among listed equities.

Canadian apparel manufacturer Gildan Activewear has agreed to acquire Hanesbrands for $4.4 billion in enterprise value, merging two industry leaders to form a global basic apparel powerhouse. Under the terms, Hanesbrands shareholders will receive 0.102 Gildan shares and $0.80 in cash per share, granting them a 19.9% stake in the combined entity. The deal aims to leverage Gildan’s activewear expertise and Hanesbrands’ retail strength, creating $200 million in annual cost synergies by 2028. Both companies emphasized enhanced market reach and operational efficiencies post-merger.

The transaction, pending regulatory and shareholder approvals, is expected to close by late 2025 or early 2026. Gildan has secured $2.3 billion in committed financing, with a projected net debt leverage ratio of 2.6 times EBITDA at closing. Hanesbrands’ board highlighted the transaction’s potential to drive innovation, expand product offerings, and strengthen the company’s long-term strategic position.

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