Hanesbrands Inc.NYSE
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  • Wed, Apr. 27, 7:21 PM
    • HanesBrands (NYSE:HBI) agrees to acquire Pacific Brands Ltd., Australia's leading underwear and intimate apparel company, in a deal valued at ~$800M on an enterprise value basis.
    • HBI says that under its ownership, Pacific Brands would have 2016 net sales in its core underwear and Sheridan businesses of ~A$800M (US$600M).
    • HBI expects the deal to be immediately accretive to EPS and deliver full benefits within three years, attaining ~$100M in adjusted operating profit and contributing ~$0.25 to adjusted EPS.
    • Now read HanesBrands: Too expensive, even after a nice bolt-on deal
    | Wed, Apr. 27, 7:21 PM
  • Thu, Apr. 7, 2:07 PM
    • HanesBrands (HBI +3%) trades higher after announcing earlier in the day it snapped up Champion Europe for around $200M.
    • The acquisition gives the company trademark control of the Champion brand in Europe, the Middle East, and Africa. Champion Europe also operates 130 stores in Italy and Greece.
    • The deal is expected to close in the middle part of the year.
    • Now read Change In Sentiment Looms For Hanes Brands 
    | Thu, Apr. 7, 2:07 PM
  • Feb. 24, 2015, 4:24 PM
    • Hanes Brands (NYSE:HBI) announces it snapped up Knights Apparel for an enterprise value of close to $200M.
    • The acquisition is expected to add $0.10 to EPS in 2015 and $0.30 to EPS in 2 to 3 Years.
    • Knights Apparel sells logo apparel to mass merchant retailers.
    | Feb. 24, 2015, 4:24 PM | 5 Comments
  • Jun. 25, 2014, 7:43 AM
    • The all-cash deal should be accretive to HBI EPS by an estimated $0.25 in the first year after the purchase. The full realization of benefits in 3-4 years after the transaction should add more than $875M in net sales, about $125M in adjusted operating profit, and roughly $1.00 in adjusted EPS.
    • Hanes will hold a conference call at 8:30 ET to discuss.
    • Shares +4.4% premarket
    • Previously: Hanesbrands to acquire DBApparel
    | Jun. 25, 2014, 7:43 AM
  • Jun. 25, 2014, 7:12 AM
    • Hanesbrands (HBI) has agreed to buy France's DBApparel, in a deal valued at €400M ($545M). The agreement prices DBApparel at about 7.5 times EBITDA.
    | Jun. 25, 2014, 7:12 AM | 1 Comment
  • Aug. 28, 2013, 6:19 PM
    • Maidenform Brands (MFB) says it's been notified by the FTC's Premerger Notification Office of the early termination of the waiting period under the HSR Act applicable to its proposed merger with Hanesbrands (HBI).
    • The proposed merger remains subject to the approval by MFB's stockholders, who are scheduled to vote on Thursday, October 3.
    | Aug. 28, 2013, 6:19 PM
  • Jul. 24, 2013, 7:37 AM

    Hanes (HBI) agrees to acquire Maidenform (MFB) for $575M or $23.50/share, a 23% premium to yesterday's closing price. HBI expects the deal to boost EPS in the first 12 months after closing; within three years, it is expected to deliver annually more than $500M in incremental sales, $0.60 EPS, $80M of operating profit, and $65M of free cash flow. MFB +22.1% premarket.

    | Jul. 24, 2013, 7:37 AM