Davis Polk is advising Maidenform Brands, Inc. in connection with its $575 million acquisition by Hanesbrands Inc. The transaction, which has been unanimously approved by Maidenform’s board of directors, is expected to close in the fourth quarter of 2013.
Maidenform Brands is a global intimate apparel company with a portfolio of established, well-known brands, top-selling products and an iconic heritage. Based in Winston-Salem, North Carolina, Hanesbrands is a global consumer goods company with more than a century of history and a portfolio of leading apparel essentials including T-shirts, bras, panties, men’s underwear, kids’ underwear, socks, hosiery, casualwear and activewear.
The Davis Polk corporate team includes partners Michael Davis and William J. Chudd and associates Brian J. Snyder and Jesse Kramer. Partner Edmond T. FitzGerald and associate Veronica M. Wissel are providing executive compensation advice. Partner Ronan P. Harty is providing antitrust and competition advice. Counsel Scott B. Luftglass is providing litigation advice. Partner Neil Barr is providing tax advice. Partner Lawrence E. Wieman is providing credit advice. All members of the Davis Polk team are based in the New York office.
