Hanes to gain PBG
On Thursday, American clothing company Hanes made a $1.1 billion all-cash takeover bid for clothing manufacturer Pacific Brands Limited (ASX: PBG). Pacific Brands Directors unanimously recommended the transaction to shareholders with Chairman Peter Bush stating it was an opportunity for shareholders to realise attractive value for their shares. Shares in Pacific Brands closed up 32.4% for the week. We own Pacific Brands in the investment portfolio.
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...