Gildan Announces Agreement to Acquire Gold Toe Moretz for Approximately $350 Million
Acquisition includes Gold Toe sock brand and exclusive U.S. sock licenses for Under Armour and New Balance brands.
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Gildan Activewear, Montreal, announced that it had signed a definitive agreement to acquire 100 percent of the common shares of Gold Toe Moretz Holdings Corp. for a total purchase price of approximately $350 million. Gildan Activewear will not assume any of Gold Toe Moretz's currently outstanding indebtedness.
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