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

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of HanesBrands Inc. to Gildan Activewear, as the deal price appears to undervalue HanesBrands shares compared to their recent trading history [1][4]. Summary by Relevant Sections Transaction Details - HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock [4]. - The transaction implies a value of $6.00 per HanesBrands share based on the closing prices on August 11, 2025, which is significantly lower than the 52-week high of $9.10 per share [2][5]. Shareholder Sentiment - Several Hanes shareholders have expressed disappointment regarding the deal price, with comments indicating that the offer is perceived as unfavorable [2][5]. - One investor described the deal as "terrible," while another noted that HanesBrands was showing signs of recovery prior to the announcement [5]. Investigation Purpose - The investigation aims to determine whether the Hanes Board of Directors acted in the best interests of shareholders in approving the merger, including the fairness of the exchange ratio and the completeness of disclosed information [5].