Cintas Offers to Acquire UniFirst for $275 per Share

MT Newswires Live

2025/01/07

Cintas (CTAS) said Tuesday it has offered to acquire UniFirst (UNF) for $275 per share in cash, implying a total value of about $5.3 billion for UniFirst.

The offer represents a 46% premium relative to UniFirst's 90-day average price as of Jan. 6, the companies said.

Shares of Cintas rose 0.6% and UniFirst were up 41% in recent premarket activity.

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