Why Hanesbrands Rocketed Higher Today
Shares of Hanesbrands (NYSE: HBI) rocketed higher on Tuesday, appreciating 27.5% as of 3:02 p.m. ET.
One doesn't normally associate an underwear manufacturer with those types of one-day gains, and indeed there was a unique news item regarding Hanesbrands today: a potential buyout offer.
Today, the Financial Times reported that Gildan Activewear (NYSE: GIL), the Canada-based owner of the Gildan custom T-shirt brand and a licensor of other brands, such as Champion, was going to make a bid to acquire Hanesbrands for an enterprise value of around $5 billion, including Hanesbrand's $2.29 billion in debt.
Source Fool.com
Gildan Activewear Inc. Aktie
51,50 €
-0,96 %
Die Gildan Activewear Inc. Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Mit einem Kursziel von 61 € für Gildan Activewear Inc. ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 51.5 € zu erwarten.
