Value of Canada’s top energy companies has been cut almost in half over the past week.
Will now pay quarterly 36.5 cents per share, up from 33 cents per share.
Province will hold 49.9% but that could slip to 47.8% if over allotment option is exercised.
Issues include expensive aluminum Super-Duty launch and Brexit hit to UK sales.
Glenn Chamandy has put up large blocks of shares in Gildan for sale on three previous occasions.
Carl Icahn wanted 25% of the company’s shares, but was tendered only 22% before offer expired.