UniFirst Corporation Stock Jumps After Report Says Cintas Is Nearing a Deal Above $275 a Share
Cintas is in advanced talks to acquire UniFirst for over $275 a share, or about $5.2 billion, Bloomberg Law reported. UniFirst stock jumped 13.6% in premarket trading Friday. The companies have negotiated on and off since 2022, with Cintas’ latest offer representing a 64% premium. Any deal would require a contract, shareholder approval, and could face antitrust scrutiny.