Gildan Activewear on verge of buying NC-based HanesBrand for $5 billion: Reports

WINSTON-SALEM, N.C. (WGHP) — An international clothing company based in Winston-Salem is on the verge of being sold for $5 billion, according to the Financial Times.

Gildan Activewear, a Canadian-based clothing manufacturer, is nearing a deal to acquire HanesBrands for $5 billion.

Financial Times reports that “deal talks are at an advanced stage.” However, while an agreement could be in place by the end of the week, talks still could break down…

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