{"id":829141,"date":"2025-03-24T16:16:28","date_gmt":"2025-03-24T20:16:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cintas-terminates-discussions-with-unifirst\/"},"modified":"2025-03-24T16:16:28","modified_gmt":"2025-03-24T20:16:28","slug":"cintas-terminates-discussions-with-unifirst","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cintas-terminates-discussions-with-unifirst\/","title":{"rendered":"Cintas Terminates Discussions with UniFirst"},"content":{"rendered":"

<\/p>\n

Cintas Terminates Discussions with UniFirst<\/b><\/p>\n

CINCINNATI–(BUSINESS WIRE<\/a>)–
\nCintas Corporation (Nasdaq: CTAS) (the \u201cCompany\u201d) today announced that it has terminated discussions with UniFirst Corporation (NYSE: UNF) regarding Cintas\u2019 proposal (the \u201cProposal\u201d) to acquire all of the outstanding common and class B shares of UniFirst for $275.00 per share in cash, a premium of 46% over UniFirst\u2019s ninety-day average closing price as of January 6, 2025, the last trading day before the Proposal was made public.\n<\/p>\n

\nTodd Schneider, President and Chief Executive Officer of Cintas, said, \u201cWe have engaged with UniFirst and its advisors over the past several weeks in an effort to reach a mutual agreement regarding a transaction that we believe offers tremendous value for customers and shareholders. While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time.\u201d\n<\/p>\n

\n\u201cCintas will continue to execute our proven growth strategy through disciplined M&A and investment in ongoing technology initiatives to drive innovation and efficiency. With Cintas\u2019 talented team, differentiated culture, and superior products and services, we remain well-positioned to create meaningful value for our shareholders and all stakeholders.\u201d\n<\/p>\n

About Cintas<\/b><\/p>\n

\nCintas Corporation helps more than one million businesses of all types and sizes get Ready\u2122 to open their doors with confidence every day by providing products and services that help keep their customers\u2019 facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety training, Cintas helps customers get Ready for the Workday\u00ae. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor\u2019s 500 Index and Nasdaq-100 Index.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250324261818\/en\/<\/a><\/span><\/p>\n

Investors<\/b>: J. Michael Hansen, Executive Vice President & Chief Financial Officer \u2013 513-972-2079;
\n
Jared S. Mattingley, Vice President – Treasurer & Investor Relations – 513-972-4195<\/p>\n

Media<\/b>: Bryan Locke\/Lindsay Molk, FGS Global \u2013 cintas@fgsglobal.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Manufacturing Home Goods Textiles Retail Chemicals\/Plastics<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Cintas Terminates Discussions with UniFirst CINCINNATI–(BUSINESS WIRE)– Cintas Corporation (Nasdaq: CTAS) (the \u201cCompany\u201d) today announced that it has terminated discussions with UniFirst Corporation (NYSE: UNF) regarding Cintas\u2019 proposal (the \u201cProposal\u201d) to acquire all of the outstanding common and class B shares of UniFirst for $275.00 per share in cash, a premium of 46% over UniFirst\u2019s ninety-day average closing price as of January 6, 2025, the last trading day before the Proposal was made public. Todd Schneider, President and Chief Executive Officer of Cintas, said, \u201cWe have engaged with UniFirst and its advisors over the past several weeks in an effort to reach a mutual agreement regarding a transaction that we believe offers tremendous value for customers and shareholders. While we … <\/p>\n

Continue reading “Cintas Terminates Discussions with UniFirst”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-829141","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCintas Terminates Discussions with UniFirst - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cintas-terminates-discussions-with-unifirst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cintas Terminates Discussions with UniFirst - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cintas Terminates Discussions with UniFirst CINCINNATI–(BUSINESS WIRE)– Cintas Corporation (Nasdaq: CTAS) (the \u201cCompany\u201d) today announced that it has terminated discussions with UniFirst Corporation (NYSE: UNF) regarding Cintas\u2019 proposal (the \u201cProposal\u201d) to acquire all of the outstanding common and class B shares of UniFirst for $275.00 per share in cash, a premium of 46% over UniFirst\u2019s ninety-day average closing price as of January 6, 2025, the last trading day before the Proposal was made public. Todd Schneider, President and Chief Executive Officer of Cintas, said, \u201cWe have engaged with UniFirst and its advisors over the past several weeks in an effort to reach a mutual agreement regarding a transaction that we believe offers tremendous value for customers and shareholders. 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