The Globe and Mail reports in its Wednesday, Aug. 13, edition that unnamed sources say Gildan Activewear is nearing a deal to buy Hanesbrands, potentially valuing the U.S. inner-wear-maker at about $5-billion (U.S.), including debt. A Reuters dispatch to The Globe reports that the talks are at an advanced stage and a deal could be agreed to by the end of the week, one source said, adding that an acquisition may still not be finalized. Shares of Hanesbrands, which was valued at $1.71-billion (U.S.) as of Monday's close, were up nearly 28 per cent in late afternoon trading. Toronto-listed Gildan's shares fell 3.7 per cent. The Canadian clothing company, which mostly makes basic apparel used for customizing and personalizing, had a market capitalization of about $10-billion (Canadian). The maker of Hanes and Bonds inner-wear has been reeling under the impact of tariffs, which have affected 75 per cent of its sales and have triggered a more than 40-per-cent drop in shares so far this year. Still, Hanesbrands last week beat market estimates for profit and revenue in the second quarter and raised its annual forecast, citing higher cost savings.