An anonymous representative of S&P/TSX indices reports
S&P DOW JONES INDICES ANNOUNCES CHANGES TO THE S&P/TSX 60 INDEX AND S&P/TSX COMPOSITE INDEX
The shareholders of Gildan Activewear Inc. and Hanesbrands Inc. have agreed to the terms of a plan of arrangement resulting in the combination of the two companies. Each share of Hanesbrand will be exchanged for 80 U.S. cents in cash and 0.102 share of Gildan Activewear for each Hanesbrand share held.
The shares outstanding of Gildan Activewear will be increased to reflect the issuance of shares effective prior to the open of trading on Dec. 2, 2025. The new shares outstanding of Gildan Activewear will be increased to 185,338,948, and IWF will remain 1.0 in the S&P/TSX indices.
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