Gildan nears deal to buy Hanesbrands at about $5B valuation, FT reports

Gildan Activewear (GIL) is close to a deal to buy Hanesbrands (HBI), potentially valuing the U.S. company at about $5B, including debt, The Financial Times’ Sujeet Indap and Oliver Barnes report. The deal talks are at an advanced stage and an acquisition could be agreed by the end of the week, but the talks are not finalized and could collapse, people familiar with the matter say.