Tuesday, 12 April 2011

Gildan buys US sock company for U.S. $350 million

Canada’s Gildan Activewear, a leading apparel manufacturer, has announced it has signed a definitive agreement to acquire 100% of the ordinary shares of Gold Toe Moretz Holdings Corp. (Gold Toe Moretz) for a total purchase price of approximately U.S. $350 million. Under the agreement Gildan will not assume any of Gold Toe Moretz’s outstanding debts.

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