Hanesbrands (HBI) News Today

HanesBrands, Inc. (NYSE: HBI) shares have risen on news of a takeover by Canada’s Gildan Activewear, as investors weigh the strategic benefits of combining two apparel leaders. At the same time, several shareholder law firms have launched investigations into the fairness of the deal, creating legal uncertainty that may temper gains. An analyst upgrade has added further support for the stock.

• Positive Sentiment: The proposed acquisition by Gildan Activewear would combine activewear and innerwear leaders, potentially creating a global basic apparel powerhouse. Will Gildan's HanesBrands Deal Create a Global Apparel Powerhouse?
• Positive Sentiment: HanesBrands, Inc. (HBI) agreed to be acquired by Gildan Activewear in a deal valued at approximately $4.4 billion, highlighting strong strategic alignment. Hanesbrands agrees to takeover by Canada's Gildan Activewear in $4.4 billion deal
• Positive Sentiment: Analysts at Wells Fargo upgraded HBI from “underweight” to “equal weight,” raising their price target to $6.00. Wells Fargo Upgrades Hanesbrands Inc. (HBI) with Raised Price Target
• Neutral Sentiment: HBI saw unusually high trading volume as investors reacted to takeover rumors. Hanesbrands (NYSE:HBI) Sees Unusually-High Trading Volume
• Neutral Sentiment: Investors discussed top questions ahead of HanesBrands’s Q2 earnings call without fresh guidance. Hanesbrands’s Q2 Earnings Call: Our Top 5 Analyst Questions
• Neutral Sentiment: An article noted that the sale may mark the end of HanesBrands’s long-standing corporate headquarters presence in Winston-Salem. HanesBrands sale may symbolize end of corporate headquarters era in Winston-Salem
• Negative Sentiment: Multiple law firms, including Portnoy, are investigating whether HBI shareholders can recover losses tied to the proposed sale. HanesBrands, Inc. Investors: Company Investigated by the Portnoy Law Firm
• Negative Sentiment: Wohl & Fruchter LLP and other firms have launched shareholder fairness investigations into the Gildan deal. HBI Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale
• Negative Sentiment: Halper Sadeh LLC and The Ademi Firm are probing whether the sale terms (0.102 Gildan shares plus $0.80 cash) adequately compensate HanesBrands shareholders. HBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale Is Fair
• Negative Sentiment: A legal opinion piece questioned whether the underwear deal is too skimpy, adding skepticism around the transaction’s value. Hanes underwear deal looks too skimpy