Brief: HanesBrands Signs Agreement to Sell Global Champion Business to Authentic Brands Group

Hanesbrands

05/06/2024 12:59

June 5 (Reuters) - HanesBrands Inc  HBI.N :
    * HANESBRANDS SIGNS AGREEMENT TO SELL GLOBAL CHAMPION
BUSINESS TO
AUTHENTIC BRANDS GROUP
    * HANESBRANDS INC: TRANSACTION VALUED AT $1.2 BILLION
    * HANESBRANDS INC: EXPECTS NET PROCEEDS FROM TRANSACTION OF
APPROXIMATELY $900 MILLION
    * HANESBRANDS INC: INTENDS TO CLASSIFY CHAMPION AS
DISCONTINUED
OPERATIONS IN Q2 OF 2024
    * HANESBRANDS INC: EXPECTS TO UPDATE ITS FULL-YEAR 2024
GUIDANCE
IN CONJUNCTION WITH RELEASE OF ITS SECOND-QUARTER EARNINGS
RESULTS
    * HANESBRANDS INC: WILL UTILIZE ALL NET PROCEEDS FROM
TRANSACTION
TO ACCELERATE ITS REDUCTION OF DEBT

Source text for Eikon:  ID:nBwGjzd5a 
Further company coverage:  HBI.N 

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