Cintas Offers $5.2B for UniFirst: A New Bid
Update: 2025-12-22
Description
Cintas Proposes $5.2B Acquisition of UniFirst: A Sixty Percent PremiumCintas, the leading player in workplace uniforms and products, has made a new offer to acquire UniFirst, a smaller rival, for $5.2 billion, or $275 per share. This marks a sixty percent premium over UniFirsts Friday closing price. Cintas has been pursuing this deal for nearly four years and has now sweetened its offer with a $350 million reverse termination fee to incentivize UniFirst. Despite UniFirsts founding familys voting control and previous rejections, activist investors like Engine Capital are pushing for a sale. The deal would combine two major players in the competitive industry, with Cintas expressing confidence in its strategic value.
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