News: PBG HanesBrands to acquire Pacific Brands Limited

April 28 (Reuters) - HanesBrands Inc HBI.N

• HanesBrands to acquire Pacific Brands Limited; hold investor conference call today
• Cash transaction values publicly traded Pacific Brands Limited at US$800 million
• All-Cash transaction is expected to be immediately accretive to adjusted earnings per share
• Acquisition projected to deliver full benefits within 3 years, attaining adjusted operating profit of approximately US$100 million
• Acquisition is projected to deliver full benefits within three years, contributing approximately US$0.25 to Hanes' adjusted EPS
• Entered into a definitive agreement to acquire Pacific Brands Limited
• Transaction would pay Pacific Brands shareholders AUD1.15 per share
• Intends to divest Tontine Pillow business and Dunlop flooring business