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Bullboard - Stock Discussion Forum Gildan Activewear Inc T.GIL

Alternate Symbol(s):  GIL

Gildan Activewear Inc. is a vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. The Company’s primary product categories include activewear tops and bottoms (activewear), socks (hosiery), and underwear tops and bottoms (underwear). Its activewear product lines include T-shirts, fleece tops and bottoms, sports shirts, polos and... see more

TSX:GIL - Post Discussion

Gildan Activewear Inc > La saga coûtera 90M$ CA ( extrait Les Affaires)
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Post by naissance17 on Jul 23, 2024 8:13am

La saga coûtera 90M$ CA ( extrait Les Affaires)

Le 28 mai, les actionnaires elisent un nouveau conseil dont fait partie M. Chamandy. Une grande victoire pour lui, une defaite tres amere pour l’ex-conseil.

Le cout de ce fiasco ? « Plus de 65 millions de dollars (M$) americains » (environ 90M$ CA), selon Glenn Chamandy. La somme comprend les frais juridiques et administratifs lies a la bataille des procurations, la poursuite intentee par le CA contre Browning West, les frais legaux et financiers engages dans le processus de mise en vente de Gildan en mars et les allocations de depart respectives de MM. Tyra et Bajaj, qui pourraient couter respectivement 8M$ US (pour quatre mois de travail) et 4M$ US. On a aussi donne 4M$ US pour fideliser quatre vice-presidents. Plusieurs de ces couts sont pris en charge par Gildan, donc par ses actionnaires, sans qu’ils n’aient rien eu dire sur l’offensive mal avisee du conseil contre le PDG de leur societe.

Browning West, qui a beaucoup depense pour mener la charge contre le CA de Gildan, pourrait aussi exiger de se faire rembourser.

Pour sa part, M. Chamandy aurait beneficie d’une allocation de depart de 20M$ US, mais il ne l’aurait pas encaissee. Il a revele vouloir racheter les actions de Gildan qu’il a vendues au debut du differend.

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