Gildan Shareholder Asks Court to Stop Board From Selling Company
Gildan apparel at a store in Montreal, Quebec, Canada.
Photographer: Graham Hughes/BloombergThis article is for subscribers only.
One of Gildan Activewear Inc.’s largest shareholders asked a Quebec court to block the clothing manufacturer’s board of directors from selling the company.
Browning West LP, which is conducting a campaign to replace the current board, wants the Superior Court of Quebec to order that Gildan directors “not enter into any binding agreement related to the sale of Gildan” before the company’s annual meeting on May 28.