August’s announced merger agreement between Gildan and Hanesbrands will go before the latter’s shareholders at a Nov. 25 special meeting for their stamp of approval, according to an update proxy statement filed last Friday. The filing indicates that as of the Sep. 30 record date, there were 353,802,157 shares of Hanesbrands common stock outstanding and eligible to vote. The deal will give HBI shareholders 0.102 common shares of GIL and $0.80 in cash for each of their shares, translating to approximately 19.49% ownership of Gildan after the transaction.

The filing’s transaction background ... Log in to view full article.