UniFirst stock jumps after report of renewed Cintas takeover talks — what investors watch next
UniFirst shares surged 15% to $230.01 premarket Tuesday after Bloomberg reported takeover talks with Cintas. Cintas confirmed a $275-per-share cash offer in December, valuing UniFirst at $5.2 billion. UniFirst’s board is reviewing the proposal with advisers and has not commented further. Trading volume in UniFirst quadrupled, while investors await updates from either company.