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Gildan Activewear Inc. today announced that it has signed a definitive agreement to acquire 100 percent of the common shares of Anvil Holdings Inc. (Anvil), parent company of promotional product supplier Anvil Knitwear, for a total purchase price of approximately U.S. $88 million. The acquisition will be financed by utilization of Gildan's bank credit facility. Gildan will not assume any of Anvil's currently outstanding indebtedness.
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- Companies:
- Anvil Knitwear
- Places:
- U.S.
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