MONTREAL and WINSTON-SALEM, N.C., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (āGildanā) (TSX: GIL and NYSE: GIL) and HanesBrands Inc. (āHanesBrandsā) (NYSE: HBI) today announced that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately $2.2 billion and an enterprise value2 of approximately $4.4 billion for HanesBrands, based on the closing price of Gildan common stock on August 11, 2025.