Previous close | 34.89 |
Open | 35.02 |
Bid | 35.55 x 900 |
Ask | 35.57 x 900 |
Day's range | 34.88 - 35.91 |
52-week range | 26.98 - 38.87 |
Volume | |
Avg. volume | 826,151 |
Market cap | 6.025B |
Beta (5Y monthly) | 1.62 |
PE ratio (TTM) | 11.79 |
EPS (TTM) | 3.03 |
Earnings date | 01 May 2024 |
Forward dividend & yield | 0.82 (2.35%) |
Ex-dividend date | 12 Mar 2024 |
1y target est | 41.09 |
Resignations of Board Members Do Not Address Central Shareholder Demand to Return Glenn Chamandy as CEO The Only Thing that Has Been Refreshed is the Names of the Directors – the Board’s Disdain for Shareholders Remains Intends to Support Browning West Nominees at 2024 Annual Meeting TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Turtle Creek Asset Management Inc. (“Turtle Creek”), a Canadian independent investment management firm with a 25-year history and a decade-long shareholder of Gildan Activ
Canada's Gildan Activewear on Monday recommended the election of two nominees of U.S.-based activist fund Browning West to the company's board, ahead of its annual and special shareholder meeting on May 28. The clothing maker's board has been clashing with Browning West, which owns 5% of Gildan, following the ouster of co-founder and CEO Glenn Chamandy in December. In January, Browning West escalated its fight with Gildan, expanding its slate to eight candidates from five and called an annual and special shareholder meeting to replace a majority of its board members and reinstate Chamandy as CEO.
LOS ANGELES, April 22, 2024--Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) ("Gildan" or the "Company") that beneficially owns approximately 5.0% of the Company’s outstanding shares and Glenn Chamandy, Gildan’s co-founder and former CEO, today issued the following statements regarding the Company’s defensive maneuver to add replacement directors to its Board of Directors (the "Board").