Hanesbrands Stock Surges Amid $5 Billion Acquisition Bid
TL;DR Summary
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.
- This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report. Barron's
- Hanesbrands agrees to $4.4 billion deal by Canada's Gildan Activewear CNBC
- Why Are Hanesbrands (HBI) Shares Soaring Today Yahoo Finance
- Winston-Salem’s Hanesbrands on verge of $5 billion sale: Financial Times FOX8 WGHP
- Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion Bloomberg.com
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