UniFirst falls after Cintas terminates deal talks
24/03/2025 20:29
** 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 (Reporting by Juby Babu in Mexico City) ((Juby.Babu@thomsonreuters.com;))
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