This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report. - Barron's
1. Hanesbrands stock rose 37.78% after acquisition news. 2. Deal valued at approximately $5 billion, including debt. 3. Hanesbrands had a market value of $1.7 billion prior to news. 4. Gildan's stock fell 8.6% amidst acquisition speculation. 5. Hanesbrands previously reported earnings that beat expectations.