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Story summary
- Cintas Corporation will acquire UniFirst Corporation for $5.5 billion in a cash-and-stock deal, with UniFirst shareholders receiving $310 per share.
- The deal has been pursued since 2022 and is expected to close in the second half of 2026, pending shareholder approval.
- The merger aims to boost operational efficiencies with projected savings of $375 million over four years.
- The merged entity will serve about 1.5 million customers across North America.
