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
46,60 €
0,00 %
Mit 29 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ist Gildan Activewear Inc. einer der Lieblinge unserere Community.
Bei einem Kursziel von 54 € ergibt sich ein leicht positives Potenzial von 15.88% im Vergleich zum aktuellen Kurs von 46.6 € für Gildan Activewear Inc..
