
Hanesbrands Stockholders Approve Merger Proposals

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Hanesbrands Inc. stockholders approved several merger-related proposals, including the merger with Helios Merger Sub, Inc., and conversion into a Maryland LLC. The Hart-Scott-Rodino Act waiting period expired, but other regulatory approvals are pending. Analysts rate HBI stock as Hold with a $6.00 target, citing financial challenges despite some positive earnings results. Hanesbrands, known for basic apparel, faces high leverage and cash flow issues, with a market cap of $2.32B.
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