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HBI Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of HanesBrands to Gildan Activewear

1. Wohl & Fruchter LLP is investigating HanesBrands' sale to Gildan. 2. Hanes shareholders will get $6.00 per share, below its 52-week high. 3. Investors voice disappointment regarding the alleged low sale price. 4. Concerns arise over the fairness of the merger process monitored by the board. 5. One investor notes HBI was showing signs of recovery prior to this announcement.

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FAQ

Why Bearish?

The deal price is significantly below the recent trading highs, indicating shareholder dissatisfaction. Historical trends show that mergers at lower valuations often result in stock price declines due to investor sentiment.

How important is it?

As HanesBrands' future hinges on this merger's reception, significant impacts are likely. The ongoing investigation could influence shareholder actions, thereby affecting stock prices dramatically.

Why Short Term?

Investor reaction to potential M&A disputes typically affects stock prices immediately but may stabilize long-term. Recent examples include rapid drops in stock prices during investigations on merger fairness, then recovery if resolved positively.

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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 alerts@wohlfruchter.com. 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 LLPJoshua E. Fruchter Toll Free 866.833.6245alerts@wohlfruchter.com www.wohlfruchter.com

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