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Article Date: March 2024
Word Count: 248

Gildan Acrimony Ramps-Up after Sale Plans Surface


Lead activist investor Browning West weighed in Wednesday after the company confirmed potential sale rumors that first appeared in Canada’s Globe & Mail, charging the “lame duck” board with initiating the process to dodge accountability in the ongoing proxy battle. The GIL board formed a Special Committee to review one offer and has “conducted targeted outreach to a small number of reputable” potential bidders for maximum value. Bloomberg reported Tuesday evening that Sycamore Partners is looking at making an offer for the company, citing undisclosed sources. Several of GIL’s potential bidders ... Log in to view full article.

 


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