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Cintas Offers $5.2 Billion for UniFirst in Third Attempt

12/23/2025

Summary

Story summary

Cintas Corp. has submitted a $5.2 billion bid to acquire UniFirst Corp., offering $275 per share.
This marks Cintas's third attempt to finalize the deal after two previous rejections.
The offer represents a 53% premium over UniFirst's price and would reach over 1 million North American customers if completed.
UniFirst's board is reviewing the proposal with financial advisors and weighing $350 million termination fee if regulatory approval is not obtained.

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Story summary

Cintas Corp. has submitted a $5.2 billion bid to acquire UniFirst Corp., offering $275 per share.
This marks Cintas's third attempt to finalize the deal after two previous rejections.
The offer represents a 53% premium over UniFirst's price and would reach over 1 million North American customers if completed.
UniFirst's board is reviewing the proposal with financial advisors and weighing $350 million termination fee if regulatory approval is not obtained.