Cintas Corporation has launched a second bid to acquire UniFirst Corporation, offering $275 per share in an all-cash deal valued at approximately $5.2 billion. This proposal follows a previous unsuccessful attempt in January 2025 and includes a generous reverse termination fee of $350 million to entice UniFirst's board. Cintas, riding a wave of steady revenue growth and strong financial performance, believes the merger could yield annual cost efficiencies of $375 million.
“Cintas · submitted a new offer to acquire · UniFirst · $275 per share”
“Cintas Corporation · is interested in buying · UniFirst · true”
“Cintas Corporation · made a bid of · $275 · true”
“Cintas Corporation · offered a reverse termination fee of · $350 million · true”
“Cintas Corporation · was rejected in · January of 2025 · true”
“Cintas Corporation · is trying to acquire · the number three player in the uniform retail business · true”
“Cintas Corporation · provides · uniform rental, facility services, and workplace supplies · true”
“Cintas Corporation · offers · first aid, safety, and fire protection products and services · true”
“Cintas · delivered · fourth-quarter results · in line with Wall Street’s expectations”
“Cintas · posted · steady revenue growth · across its core businesses”
“Cintas · reported · revenue · $2.8 billion”
“Cintas · reported · EPS (GAAP) · $1.22”