Pacific Brands will be removed from the ASX as US company Hanesbrands finalises its takeover of the retail group.
Pacific Brands, which currently owns a host of retailers including Bonds, Sheridan and Berlei, is subject to a $1.1 billion takeover by Hanesbrands that will aim to ramp up its operations.
Pending shareholder and final court approval, Hanesbrands has targeted the Bonds brand in particular as key to accelerating its growth in the Australian market.
Pacific Brands will cease trading on the ASX after close of trading on June 28.