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
