Breaking News: Shrek's Take on Hanesbrands Selling Champion Business for $1.2 Billion!

Ogres and Onion Shaped Finances

Well well well looks like Hanesbrands is trading in some undies for a pretty penny! The ogre tunity to sell the Champion business for $1.2 billion certainly has Shrek scratching his head wondering how many swamp rats that could buy.

Cash Contingency Shenanigans

With the potential to reach $1.5 billion this deal has more twists and turns than Donkey in the morning! If performance thresholds are met Hanesbrands might just be counting cash like counting layers of onions.

Debt Reduction Quest

Net proceeds of $900 million? Shrek would say that's a whole lot of waffles! Using that to accelerate debt reduction is a smart move after all no one wants to be stuck in a dragon's den of debt.

Champion Shares Soar!

Champion shares popped more than 5% during Wednesday's trading session seems like they've got that royal fairy tale touch! With $75 million of adjusted EBITDA it's safe to say they're not the 'ogre' of the bunch.

Farquaad's Approval

Chairman Bill Simon believes this deal will lead to consistent growth and cash flow generation maybe even better than Farquaad's hair gel! It's all about advancing innerwear brands and optimizing that world class supply chain.

From Activism to Acquisition

Months after considering a sale Hanesbrands finally found its happily ever after with Authentic Brands Group. It's like a fairy tale ending after the pressure from Barington Capital Group now that's a plot twist even Puss in Boots would envy!