Montreal – Guilden Activar Inc. has shared shares and cash for US $ 2.2 billion Haneesbrands Inc. A deal has been signed to buy.
Glenn Chamandi, Chief Executive Officer of Guilden, called it a historic moment for the company.
“Combination with Hansbrands strengthens our position, which strengthens our position with the opportunity to expand the appearance of the brand of Heritage in Activar in the channels, while the gildon’s retail enhances the portfolio of the brands,” Chamandi said in a statement.
“We are excited for the next phase of development and focus on supporting our customers and continuing long -term shareholders value.”
Under the terms of the agreement, Haneesbrands shareholders will receive 0.102 shares of Guilden for each share and 80 cents we will receive in cash.
This proposal means the price of US $ 6 per Hansbrands share based on the Guilden Closing Share Price on Monday.
Haneesbrands president Bill Simon said the deal provides significant and fixed value for the shareholders of the company, both through the immediate cash and reverse capacity of the joint company.
Simon said in a statement, “As part of the guilden, Hansbrands will benefit from another strong financial and operating foundation, providing new development opportunities – further innovation, offering a comprehensive product and helping to make more access across channels and geography.”
“We believe this is the next step for the next chapter hanesbrands with transactions and guilden.”
The transaction hanesbrands are subject to shareholder approval and other customary closing conditions. This is expected to close the end of 2025 or in early 2026.
After the completion of the deal, about 19.9 percent of the guilden shares of Hansbrands shareholders will have about 19.9 percent shares on non-caste basis.
This report of Canadian Press was first published on 13 August 2025.
Companies in this story: (TSX: GIL)
Canadian press