I have never heard of Gildan or that they are trying to "buyout" Veltex. I know of no companies even sniffing at buying them up.
The only info out there is during the last CC Stephen said some bank in Florida I believe put in an informal offer, but the company didn't respond to it, so I am assuming it was ridiculously low offer.
I will ask Stephen about it next time I speak to him.
The websites have been updated with a video and info on some employees.