UniFirst Corporation confirms receipt of Cintas proposal

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Go back to UniFirst Corporation confirms receipt of Cintas proposal

UniFirst Confirms Receipt of Unsolicited, Non-Binding Proposal from Cintas Corporation

December 22, 2025 10:30 AM EST

WILMINGTON, Mass., Dec. 22, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the Company or UniFirst) (NYSE: UNF) today confirmed it received an unsolicited, non-binding proposal from Cintas Corporation (Cintas) (NASDAQ: CTAS) to acquire all the outstanding UniFirst common and Class B shares for $275.00 per share in cash on December 12, 2025.

Upon receipt of Cintas proposal, the UniFirst Board of Directors, engaged independent financial and legal advisors. Consistent with its fiduciary duties and in consultation with its advisors... More