Cintas Corporation proposes to acquire UniFirst Corporation for $275.00 per share in cash
01/07/25, 5:27 PM
Industry
manufacturing
Cintas Corporation has proposed an acquisition of UniFirst Corporation for $275.00 per share in cash, representing a total value of approximately $5.3 billion. Despite Cintas' willingness to engage in discussions and explore alternative forms of consideration for the benefit of UniFirst shareholders, UniFirst's Board has refused to meet, leading Cintas to publicize its Proposal. The combined company would aim to deliver enhanced customer service and innovative products to well over 1 million business customers in the US and Canada.