Aug 13 (Reuters) - U.S. undergarments-maker Hanesbrands ( HBI )

has agreed to a takeover by Canada's Gildan Activewear ( GIL )

for a deal valued at $4.4 billion, including debt, the

companies said on Wednesday.

Gildan will pay about $6 per Hanesbrands ( HBI ) share, representing

a 24% premium to Monday's close and implying an equity value at

$2.2 billion.

The combination is expected to double Gildan's revenues

and enhance its market position by leveraging the strong brand

presence of Hanes in activewear, according to the statement.