AAA Daily Fuel Gauge Report for Friday, 7/30/21
National Average Price for Regular Unleaded Current: $3.168; Month Ago: $3.118; Year Ago: $2.190. National Average Price for Diesel Current: $3.278; Month Ago: $3.243; Year Ago: $2.433.
https://gasprices.aaa.com/
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Gildan Activewear to buy HanesBrands for $2.2B
Gildan Activewear is buying HanesBrands for $2.2 billion, the two companies said Wednesday.
The deal consists of 87% stock and 13% cash per every HanesBrands share, with the cash portion anticipated to be about $290 million. Gildan will pay for HanesBrands through $2.3 billion in transaction financing, through bridge facility and term loans.
The deal implies a $4.4 billion enterprise value for HanesBrands. Gildan CEO Glenn Chamandy said the combination will double Gildan’s revenue and create “scale that distinctly sets us apart.”
Nearly half of Iowa crude oil spill contained, BNSF says
Workers have contained nearly half of the crude oil spilled near Rock River in northwest Iowa over the weekend following a freight train derailment on Friday, BNSF Railway Co said. About 100,000 gallons had been hemmed off using booms out of the estimated 230,000 gallons spilled, BNSF said in a statement on Saturday. The spill has raised concerns about drinking water downstream. The company did not respond to questions on Sunday about the progress of the cleanup. No one was hurt in the derailment, in which 32 cars came off the rails, 14 of which leaked at least some of their contents, BNSF said. Click Read More below for additional information.