Overview

• Under the agreement, HanesBrands shareholders will receive 0.102 Gildan shares plus $0.80 cash per Hanes share and own about 19.9% of the combined company.
• Including HanesBrands’ debt, the transaction values the target at approximately $4.4 billion, making it Gildan’s largest acquisition to date.
• Gildan projects the deal will be immediately accretive to adjusted earnings and deliver at least $200 million in annual cost synergies within three years.
• The combined entity is expected to generate roughly $6.9 billion in annual revenue with headquarters remaining in Montréal and a strong operational base in Winston-Salem.
• Completion is subject to HanesBrands shareholder approval and customary closing conditions, with the deal slated to close in late 2025 or early 2026.