The independent story of Hanesbrands on the public markets has reached its conclusion. The apparel maker’s acquisition by Canadian competitor Gildan Activewear, valued at approximately $2.2 billion, was finalized, leading to the cessation of its stock listing on the New York Stock Exchange effective December 1, 2025.
Shareholder Compensation and New Ownership
Remaining equity holders received a definitive exchange offer. For each share of Hanesbrands they owned, investors were granted $0.80 in cash plus 0.102 shares of the acquiring firm, Gildan. This transaction results in former Hanesbrands shareholders collectively owning an estimated 19.9% stake in the newly combined entity. The investment narrative for Hanesbrands as a standalone stock is now closed.
Full Market Exit and Delisting Process
The withdrawal from public trading is comprehensive. Concurrent with the halt in stock trading, the company was removed from all options exchanges within the MIAX Exchange Group, including MIAX Options and MIAX Pearl. The official delisting was executed through the filing of a Form 25 with the U.S. Securities and Exchange Commission (SEC), eliminating all remaining liquidity for the security.
Should investors sell immediately? Or is it worth buying Hanesbrands?
Strategic Ambitions of a Combined Powerhouse
The merger creates a dominant force in the basic apparel sector. The unified company is projected to generate annual revenue of roughly $6.9 billion, effectively doubling Gildan’s previous scale. Management is targeting significant synergies from the deal:
- Annual cost savings of at least $200 million, to be realized within a three-year timeframe.
- Analysts at Stifel Bank project an 18% boost to earnings per share (EPS accretion) in the first year following the merger.
- Long-term, this positive earnings impact could potentially reach up to 40% as synergies are fully realized.
The strategic focus is firmly on expanding the Hanes underwear business. As the corporate headquarters in Winston-Salem faces an uncertain future regarding its structure, Gildan is integrating the acquired brands and distribution networks into its global strategy. Market attention now shifts entirely to Gildan’s stock.
Ad
Hanesbrands Stock: Buy or Sell?! New Hanesbrands Analysis from February 7 delivers the answer:
The latest Hanesbrands figures speak for themselves: Urgent action needed for Hanesbrands investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from February 7.
Hanesbrands: Buy or sell? Read more here...
