Some major shareholders of Gildan Activewear Inc. are criticizing the sale process the board is conducting, blasting the move as unwise and ill-timed amid a fight over control of the company.
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Gildan investor blasts board's sale process as 'unintelligent'Some major shareholders of Gildan Activewear Inc. are criticizing the sale process the board is conducting, blasting the move as unwise and ill-timed amid a fight over control of the company.
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Activist Investor in Gildan Slams Apparel Maker’s Sale ProcessBrowning West LP, the activist shareholder leading a campaign against Gildan Activewear Inc.’s board, is challenging the Canadian apparel maker’s efforts to find a friendly buyer, saying the “reactionary” sale process may undervalue the company.
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Gildan's top investor hints buyout would require a high premiumGildan Activewear Inc.’s largest investor said the clothing maker’s shares are undervalued, signalling that potential acquirers circling the company may need to pay up to win shareholders’ support.
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Major Canadian Gildan shareholder weighs in on dramatic boardroom sagaOne of Gildan Activewear Inc.’s largest shareholders says the increasingly bitter feud between the company’s board of directors and its former CEO “never should have ended” in such dramatic fashion.
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Gildan accuses shareholder of planting misleading story about new CEO as leadership battle turns bitterCompany has been engulfed in an intense power struggle since the board dismissed Glenn Chamandy after a 40-year tenure
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Gildan's new CEO attempts to soothe shareholders amid higher Q4 profit, dividend hikeGildan Activewear Inc.'s strong market share and higher fourth-quarter profit puts it in an enviable position even as there's 'a lot of opportunity to grow,' the company's new chief executive said as financial analysts asked about his plans for the clothing maker.
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