MONSEY, N.Y., Aug. 13, 2025 (GLOBE NEWSWIRE) — The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of HanesBrands Inc. (NYSE: HBI) (“Hanes”) to Gildan Activewear (“Gildan”) pursuant to which each Hanes shareholder will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock.
Based on the closing price of Gildan and HanesBrands’ common stock on August 11, 2025, the transaction implies a value of $6.00 per HanesBrands share, which is well below the 52-week high for Hanes of $9.10 per share, and thus suggests an opportunistic purchase.
Additionally, as further detailed below, several Hanes shareholders have expressed disappointment in the deal price on SeekingAlpha.
If you remain a Hanes shareholder and have concerns about the fairness of the proposed merger, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/hanesbrands/
Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected].
Why is there an investigation?
On August 13, 2025, Hanes announced that it had agreed to be sold to Gildan in a transaction under which each Hanes shareholder will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock.
Based on the closing price of Gildan and HanesBrands’ common stock on August 11, 2025, the transaction implies a value of $6.00 per HanesBrands share, which is well below the 52-week high for Hanes of $9.10 per share, and thus suggests an opportunistic purchase.
Additionally, several Hanes shareholders have expressed disappointment in the deal price on SeekingAlpha.
One Hanes investor asserted: “What a terrible deal for HBI.”
Another Hanes investor commented that “What surprises me is that HBI was, I believe, just turning around.”
“We are investigating whether the Hanes Board of Directors acted in the best interests of Hanes shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the exchange ratio agreed upon is fair to Hanes shareholders, and whether all material information regarding the transaction has been fully disclosed.”
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
[email protected]
www.wohlfruchter.com
