Gildan says Browning West illegally acquired stake to take control of Board & reinstall former CEO

Gildan Activewear Inc. (GIL, GIL.TO) said that Browning West LP accumulated shares in violation of the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 as part of its misguided campaign to reinstall Glenn Chamandy as chief executive officer of Gildan.