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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