UniFirst falls after Cintas terminates deal talks

ReutersMar 24, 2025 8:29 PM

Shares of uniform supplier UniFirstUNF.N fall 10.4% to $177 after the bell

Uniform rental firm Cintas CTAS.O has terminated discussions with UNF for potential takeover

CTAS says it and UNF were unable to have substantive engagement regarding key transaction terms

UNF in January had rebuffed takeover proposal from Cintas that valued it at $5.3 billion; said it was confident of its strategy as standalone company

Up to last close, UNF up 15.5% YTD

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