Gildan Activewear announced on August 13, 2025, a definitive agreement to acquire HanesBrands Inc. The transaction values HanesBrands at approximately $2.2 billion in equity value and $4.4 billion in enterprise value.
Under the terms of the agreement, HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock. This implies a value of $6.00 per HanesBrands share, based on Gildan's closing stock price on August 11, 2025.
The acquisition is subject to customary closing conditions, including shareholder and regulatory approvals. The companies expect the transaction to close between late 2025 and early 2026. This merger represents a significant consolidation in the apparel manufacturing industry.
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