UniFirst Corp. stock surged 18% after a Bloomberg report revealed active acquisition discussions with Cintas Corp. Cintas reportedly resubmitted a $275-per-share takeover offer in December, representing a significant premium over UniFirst’s recent closing price. This development follows previous on-and-off acquisition attempts by Cintas, with UniFirst’s CEO acknowledging the renewed proposal and the board’s evaluation efforts.
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UniFirst stock soars after report of acquisition talks with Cintas By Investing.com
UniFirst Corp. stock surged 18% after a Bloomberg report revealed active acquisition discussions with Cintas Corp. Cintas reportedly resubmitted a $275-per-share takeover offer in December, representing a significant premium over UniFirst’s recent closing price. This development follows previous on-and-off acquisition attempts by Cintas, with UniFirst’s CEO acknowledging the renewed proposal and the board’s evaluation efforts.