Aug. 21 at 12:41 AM
$HBI After officially inking a definitive agreement last week, Hanesbrands Inc. (NYSE:HBI) said that its shareholders are set to receive 0.102 shares of Gildan Activewear and
$0.80 in cash for each HBI share they owned.
Based on the closing prices of Hanesbrands Inc. (NYSE:HBI) and Gildan Activewear on August 11, the offer would represent a 24-percent premium from the former’s closing price on the said date.
Upon closing, Hanesbrands Inc. (NYSE:HBI) will effectively own around 19.9 percent of Gildan Activewear shares on a non-diluted basis. https://finance.yahoo.com/news/hanesbrands-hbi-soars-32-8-163959254.html