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.
