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This Fund Sold $49.5 Million of Gildan as the Apparel Maker Pursues $2.2 Billion HanesBrands Merger
The Motley Foolยท 2025-11-29 17:53
One big investor walked away just as Gildan prepares its biggest transformation in years.On November 14, Connecticut-based Coliseum Capital Management fully exited its position in Gildan Activewear (GIL 2.65%), reducing exposure by $49.5 million, according to a new SEC filing.What HappenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated November 14, Coliseum Capital Management reported a complete sale of its stake in Gildan Activewear, amounting to a reduction of about 1 million sha ...