Hanesbrands Soars 29.19% on Gildan Acquisition Talks

On August 12, 2025, Hanesbrands surged 29.19% in pre-market trading, marking a significant rise in its stock price.

Canada's Gildan Activewear is in advanced talks to acquire Hanesbrands, with the potential deal valuing the U.S. innerwear-maker at approximately $5 billion, including debt. This acquisition, if finalized, would represent a major shift in the innerwear industry, as Gildan aims to expand its market presence and product offerings.

The potential acquisition has sparked considerable interest and speculation among investors, who are closely monitoring the developments. The deal, if completed, would not only strengthen Gildan's position in the market but also provide Hanesbrands with new opportunities for growth and innovation.