HanesBrands to Acquire DB Apparel
Acquisition expected to add approximately $0.25 of adjusted EPS in 2015 and approximately $1.00 of adjusted EPS annually within 3 to 4 years.
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"Purchasing DBApparel would represent another great acquisition for Hanes and a good use of our ample cash flow to generate significant shareholder value," said Richard A. Noll, chairman and chief executive officer for Hanes. "We will be able to reunite two great companies to create significant growth and margin-expansion opportunities. Together, we will be a nearly $6 billion company utilizing our disciplined Innovate-to-Elevate strategy and leveraging our global supply chain."
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- Hanes Printables
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