18:17:45 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Gildan Activewear Inc
Symbol GIL
Shares Issued 168,581,402
Close 2024-03-18 C$ 45.75
Market Cap C$ 7,712,599,142
Recent Sedar Documents

Globe says Browning calls Gildan's claim "baseless"

2024-03-18 07:27 ET - In the News

The Globe and Mail reports in its Saturday, March 16, edition that investment fund Browning West says Gildan Activewear's allegation that it has violated American securities law is "baseless" and part of a publicity stunt. The Globe's Robyn Doolittle and Nicolas Van Praet write that Browning West made the comments after Gildan Activewear filed a complaint with the U.S. Securities and Exchange Commission accusing the shareholder of spreading false information about Gildan's new chief executive officer Vince Tyra. Browning West lawyer Andrew Freedman said in a statement: "Anyone can write a letter to anyone making baseless allegations and then leak that letter to the press as a public-relations stunt, whether or not there is any truth at all to the claims. There is simply no truth or merit to anything that has been alleged in Gildan's letter to the SEC." Gildan's letter asked the commission to investigate allegations that Browning West had been spreading "false and highly prejudicial personal attacks" against Mr. Tyra and its board, in violation of a section of the law that bans individuals from making untrue or misleading statements in connection with the purchase or sale of a security.

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