Gildan completes merger and cancels Hanesbrands stock

Published on 10/01/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hanesbrands stock converted into 0.102 Gildan shares plus USD 0.80 cash. The merger closed on December 1, 2025, ending the standalone listing.

HBI, US4103451021, Illustration mit AI erstellt.

Hanesbrands (ISIN US4103451021) shares were automatically canceled and converted into 0.102 Gildan shares plus USD 0.80 in cash when the merger closed on December 1, 2025, according to the Hanesbrands investor-relations site. Hanesbrands stock is therefore best understood through the completed corporate transaction and Gildan's integration results.

Shares converted into Gildan equity

The consideration combined 0.102 common shares of Gildan with USD 0.80 in cash for each HanesBrands common share held at the effective time of the transaction, the company states. The same company information says the effective date was December 1, 2025, making the conversion the decisive event for HBI holders.

The identity of the former security is also supported by CUSP Wealth, which lists Hanesbrands Inc., ticker HBI and ISIN US4103451021. Its company description identifies the apparel portfolio that included Hanes, Bonds, Bali, Maidenform and Playtex.

Gildan reports the integration effect

The successor company gave the clearest operating measure in its second-quarter 2026 earnings call. Yahoo Finance reported that Gildan generated USD 1.58 billion in second-quarter net sales from continuing operations, up 72.00 percent year over year, primarily because of the HanesBrands acquisition.

Gildan also reported adjusted diluted earnings per share of USD 1.28 in the second quarter of 2026, up 32.00 percent year over year. Management said the combined group had implemented about USD 100.0 million of targeted synergies in 2026 and continued to target USD 250.0 million of annual run-rate cost synergies over three years.

Hanesbrands became part of Gildan

For former HBI holders, the key distinction is between the historical Hanesbrands share and the continuing Gildan investment received in the merger. The transaction preserved exposure to the Hanes brands through Gildan while replacing the standalone HBI security with a defined mix of equity and cash.

On October 1, 2026, the corporate-action terms remain the central reference for Hanesbrands stock: the closing date, the 0.102-share exchange ratio and the USD 0.80 cash component determine what shareholders received. Gildan's second-quarter comparison shows how the acquired business is now being measured inside the combined company.