Overview

• HanesBrands shareholders will receive 0.102 Gildan shares plus $0.80 in cash per share, giving them about 19.9% of the combined company.
• Including roughly $2 billion of debt, the deal values HanesBrands at about $4.4 billion and is expected to close in late 2025 or early 2026 pending customary approvals.
• Gildan has suspended its share buyback program and will refinance HanesBrands’ debt to bolster its balance sheet after closing.
• Company executives forecast the transaction to be immediately accretive and to deliver at least $200 million in annual cost synergies within three years.
• The combined firm will retain Gildan’s Montréal headquarters and a strong presence in Winston-Salem while reviewing the HanesBrands Australia business for potential sale.