InsideArbitrage Event Driven Monitor – August 14, 2025

HBI: The acquisition of Hanesbrands Inc. (HBI) by Gildan Activewear Inc. (GIL) for a closing value of $4.4 billion. HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.8 in cash for each share of HanesBrands common stock. The offer implies a value of $6 per HanesBrands share, representing a discount of 2.91% from the stock’s last close. The implied transaction consideration is roughly 87% stock and 13% cash for every HanesBrands share. The cash portion of the acquisition is anticipated to be approximately $290 million. (Press Release)
GNTY: Glacier Bancorp (GBCI) filed Form S-4 for the acquisition of Guaranty Bancshares (GNTY). The special meeting of shareholders will be held on September 17, 2025.
SPNS: Bloomberg reported that Blackstone (BX) and Goldman Sachs’s (GS) asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International’s acquisition of Israeli software provider Sapiens (SPNS).

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