Gildan Activewear Craters After Short-Seller Accuses Massive Channel Stuffing
Jehoshaphat Research accused the apparel maker of channel stuffing and hiding $500 million in excess inventory.
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Jehoshaphat Research accused the apparel maker of channel stuffing and hiding $500 million in excess inventory.
Gildan is acquiring HanesBrands for $4.4 billion enterprise value. This merger creates a global basic apparel leader, projected to yield $200M in annual synergies by 2028 and be immediately accretive to Gildan's adjusted EPS. The offer values HanesBrands shares at $6.