Gildan Activewear is buying the struggling HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access to household name brands like Hanes and Maidenform.

Canadian apparel company Gildan Activewear (NYSE:GIL) has finalized the acquisition of Hanesbrands (NYSE:HBI) in a ...

Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. for about $2.2 billion in cash and stock, in its ...

Hanesbrands stock rose while Gildan share fell after it was reported that the two companies are nearing a deal which would ...