BUZZ-UniFirst jumps on report Cintas makes $5.1 bln takeover offer
ReutersJan 7, 2025 1:21 PM
Shares of UniFirst UNF.N up ~39% at $235.80 premarket
Uniform rental firm Cintas CTAS.O makes $5.1 bln takeover offer for the provider of workplace uniforms and protective work gear, the Wall Street Journal reports
CTAS proposed acquiring all of UNF's outstanding common and Class B shares for $275 per share in cash, report adds
Offer price of $275 per share represents a premium of 62.4% to UNF's last close
CTAS rose about 21% last year, UNF fell about 6%
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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