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Cintas Corporation (NASDAQ:CTAS) announced plans to acquire UniFirst Corporation (NYSE:UNF) for $310 per share, in a transaction valued at approximately $5.5 billion, comprising 50% cash and 50% stock. The deal represents an acquisition multiple of roughly 16.6 times UniFirst's last twelve months earnings before interest, taxes, depreciation and amortization (EBITDA).
UniFirst (UNF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Dimensional Fund Advisors LP lifted its position in shares of UniFirst Corporation (NYSE: UNF) by 1.3% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 772,667 shares of the textile maker's stock after purchasing an additional 9,576 shares during
Bala Cynwyd, Pennsylvania--(Newsfile Corp. - March 11, 2026) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of UniFirst Corporation ("UniFirst" or the "Company") (NYSE: UNF) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Cintas Corporation (NASDAQ: CTAS) for $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share they own, representing a combined value of $310.00 per share based on Cintas' closing share price of $200.77 on March 9, 2026, and an enterprise value of approximately $5.5 billion. The investigation concerns whether the UniFirst Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.
NEW YORK, March 11, 2026 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating UniFirst Corporation (NYSE: UNF) related to its sale to Cintas Corporation.
Cintas announced plans to acquire UniFirst for roughly $5.5 billion, or $310 per share. The deal will consist of $155 in cash and 0.772 shares of Cintas for each share of UniFirst stock owned.
MILWAUKEE, March 11, 2026 /PRNewswire/ -- Ademi LLP is investigating UniFirst (NYSE: UNF) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Universal Health Services. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995.
Major stock indexes were mixed after an important reading on consumer inflation Wednesday, while oil prices hovered near $85 a barrel ahead of an International Energy Agency decision on whether to release strategic reserves to stabilize prices.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of UniFirst Corporation (NYSE: UNF) to Cintas Corporation for $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share. Halper Sadeh encourages UniFirst shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns wh.
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company's announced sale to Cintas Corporation (NASDAQ: CTAS): “This is the right transaction, at the right price, with the right partner. We are pleased with this outc.
Cintas agrees to acquire UniFirst for $310 a share, representing an enterprise value of $5.5 billion.
An industry leader is making its definitive move. Cintas Corporation NASDAQ: CTAS, the largest player in the corporate uniform and business services sector, has publicly advanced a compelling $5.2 billion, all-cash offer to acquire its key rival, UniFirst Corporation NYSE: UNF.
Cintas agreed to acquire workwear supplier UniFirst in a deal worth $310 a share in cash and stock, with an enterprise value of $5.5 billion.
CINCINNATI & WILMINGTON, Mass.--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) (“Cintas” or the “Company”) and UniFirst Corporation (NYSE: UNF) (“UniFirst”) today announced that they have entered into a definitive agreement under which Cintas will acquire UniFirst for $310.00 per share in cash and stock, representing an enterprise value of approximately $5.5 billion.1 The transaction brings together two family-founded companies with longstanding commitments to customer service and operation.
WILMINGTON, Mass., March 10, 2026 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, received multiple honors from the Textile Rental Services Association (TRSA), including a Gold Award for Best Video.
Citigroup Inc. lessened its holdings in Unifirst Corporation (NYSE: UNF) by 32.5% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,155 shares of the textile maker's stock after selling 6,813 shares during the period. Citigroup Inc. owned approximately 0.08% of Unifirst
Shares of Unifirst Corporation (NYSE: UNF - Get Free Report) have been assigned a consensus rating of "Reduce" from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective
Engine Capital bought 397,772 shares of UniFirst; the estimated transaction value was $67.13 million based on quarterly average pricing. Meanwhile, the quarter-end position value increased by $78.33 million, reflecting both new shares and price movements.
Envestnet Asset Management Inc. decreased its stake in Unifirst Corporation (NYSE: UNF) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,837 shares of the textile maker's stock after selling 11,813 shares during the quarter. Envestnet Asset Management Inc. owned approximately
Insightful Analysis of Brandes Investment Partners, LP (Trades, Portfolio)'s Fourth Quarter 2025 13F Filing Brandes Investment Partners, LP (Trades, Portfolio)