UniFirst Corporation Stock Jumps After Report Says Cintas Is Nearing a Deal Above $275 a Share
Cintas is closing in on a deal to acquire workwear rival UniFirst, according to Bloomberg Law, which reported Thursday that negotiations are ongoing over a price tag north of $275 per share—or about $5.2 billion—the same offer Cintas put forward in December. UniFirst shares jumped 13.6% in premarket action Friday. This report brings fresh momentum to a deal that hit pause back on March 24, 2025. That’s when Cintas CEO Todd Schneider said negotiations with UniFirst had failed to move forward on crucial terms. UniFirst, for its part, had noted on Dec. 22 that its board was still weighing Cintas’ non-binding proposal with help from external advisers.