HanesBrands jumps after report Canada's Gildan Activewear to acquire co

Gildan Activewear

12/08/2025 09:24

** Shares of HanesBrands HBI.N rise 18.43% to $5.72 premarket

** Canada's Gildan Activewear GIL.TO is close to acquiring the apparel maker in a deal that could value it at around $5 billion including debt, FT reports, citing people familiar with the matter

** The talks are at an advanced stage and a deal could be agreed by the end of the week, the report says, but cautioned that an acquisition may not be finalised

** YTD, HBI down about 40%

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com;))