Gildan Activewear (GIL) Comments on Media Reports, Forms Special Committee
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Scotiabank Says Gildan Activewear (GIL) Buyer 'would likely need to pay more than $42 per share'
March 20, 2024 2:51 PM EDTScotiabank analyst George Doumet reiterated a Sector Outperform rating and $40.50 price target on Gildan Activewear (NYSE: GIL).
The analyst comments "OUR TAKE: Positive. According to a Globe and Mail article, Gildans board has put the company up for sale. After the... More
Gildan (GIL) board puts the company on the market, shares jump 10%
March 19, 2024 4:30 PM EDTGildan Activewear Inc. (NYSE: GIL) announced on Tuesday its board is putting the company for sale following a review by a special committee that was established after a confidential acquisition bid.
"The Special Committee determined that it was consistent with its fiduciary duties and in the best interests of Gildan to contact other potential bidders with a view to maximizing the... More
