S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index and S&P/TSX Composite Index

11/24/25 5:15:00 PM ET

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TORONTO, Nov. 24, 2025 /CNW/ - The shareholders of Gildan Activewear Inc. (TSX:GIL) (NYSE:GIL) and Hanesbrands Inc (NYSE:HBI) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Hanesbrand will be exchanged for US$ 0.80 in cash and 0.102 shares of Gildan Activewear for each Hanesbrand share held.

The shares outstanding of Gildan Activewear will be increased to reflect the issuance of shares effective prior to the open of trading on December 2, 2025. The new shares outstanding of Gildan Activewear will be increased to 185,338,948 and IWF will remain 1.0 in the S&P/TSX indices.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices LLC.

View original content: http://www.newswire.ca/en/releases/archive/November2025/24/c5415.html

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Gildan Activewear Inc. $GIL	10/20/2025	$63.00	Buy → Neutral	Citigroup
S&P Global Inc. $SPGI	10/1/2025	$540.00	Buy	Seaport Research Partners
Gildan Activewear Inc. $GIL	8/5/2025	$61.00	Outperform	RBC Capital Mkts
Gildan Activewear Inc. $GIL	4/28/2025	$51.00	Overweight	Barclays
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Gildan Activewear Inc. $GIL	1/10/2025	$50.00 → $60.00	Neutral → Buy	UBS

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