HanesBrands is being bought out, but the stock is falling. Here’s why.
7d ago
Business
MarketWatch

HanesBrands' stock price declined despite a buyout agreement with Gildan. The deal's terms apparently fell short of investor expectations, leading to disappointment and a sell-off. While a buyout typically boosts a stock's value, the perceived undervaluation of HanesBrands in the agreement triggered a negative market reaction. Investors are evaluating the deal's long-term implications and assessing whether the offered price adequately reflects the company's intrinsic value.