FIRB will not oppose Pac Brands takeover

The federal government has no objections to a US takeover of underwear and bedding maker Pacific Brands.

The federal government has no objections to a US takeover of the owner of Bonds underwear. (AAP)

The proposed US takeover of the owner of Bonds underwear has received the approval of the Foreign Investment Review Board.

US apparel giant HanesBrands has launched a $1.1 billion takeover bid for Pacific Brands, which also owns Sheridan linen and Berlei underwear, an offer that has been endorsed by the target's board.

Pacific Brands said on Friday the FIRB has informed the group that the Australian government has no objections to the takeover.