Gildan Activewear to acquire HanesBrands

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Gildan Activewear (NYSE:GIL) has agreed to acquire HanesBrands (NYSE:HBI) in a deal that implies an equity value of ~$2.2 billion and an enterprise value of ~$4.4 billion for HanesBrands.

Under the terms of the merger agreement, HanesBrands shareholders will receive 0.102

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