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Hanesbrands Stock Surges Amid $5 Billion Acquisition Bid

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Source: Barron's
Hanesbrands Stock Surges Amid $5 Billion Acquisition Bid
Photo: Barron's
TL;DR

Hanesbrands' stock surged 30% amid reports that it may be acquired by Gildan Activewear in a deal valued at around $5 billion, significantly higher than its previous market value, amidst a challenging year for Hanesbrands due to soft sales and tariffs.

Topics:business#acquisition#business#gildan-activewear#hanesbrands#merger#stock-surge
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  1. This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report.  Barron's
  2. Hanesbrands agrees to $4.4 billion deal by Canada's Gildan Activewear  CNBC
  3. Why Are Hanesbrands (HBI) Shares Soaring Today  Yahoo Finance
  4. Winston-Salem’s Hanesbrands on verge of $5 billion sale: Financial Times  FOX8 WGHP
  5. Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion  Bloomberg.com

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