The Globe and Mail reports in its Thursday, April 4, edition that the board of Gildan Activewear has requested potential buyers to submit their offers by April 10, as the company seeks alternatives to a campaign by activist investors aimed at replacing its directors. The Globe's Nicolas Van Praet and Andrew Willis write that the board of Gildan put the company up for sale in February after receiving an unsolicited takeover approach. The expression of interest came after the board dismissed co-founder and chief executive officer Glenn Chamandy in December, kicking off a campaign led by Browning West to replace the board and reinstate Mr. Chamandy. Gildan's financial and legal advisers are now pushing potential bidders to make their initial offers by next Wednesday, according to two unnamed sources, as part of a strategy to give shareholders clarity on the sales process ahead of the company's annual meeting, scheduled for May 28, where shareholders will vote on board members. At least three U.S. private equity funds -- Bain Capital, Sycamore Partners and Clayton Dubilier & Rice -- are circling Gildan. Gildan's advisers are the investment banking units of Royal Bank of Canada and Goldman Sachs Group.