More On

Investor sues Maidenform directors over $575 million Hanes deal

Suit claims acquisition is “grossly unfair”

A recently proposed acquisition between two intimate apparel companies has one investor up in arms.

On July 24, Maidenform Brands Inc. announced that HanesBrands Inc. would buy it for $23.50 a share, or about $575 million. The all-cash deal is subject to approval by Maidenform shareholders and regulators; it’s expected to close in the fourth quarter of this year.

Ashley Post

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.