Uniform retailer UniFirst surges after Cintas makes $5.2 billion takeover bid

Cintas

22/12/2025 15:05

** Shares of uniform retailer UniFirst UNF.N jump about 15% at $195.50 in early trading

** Cintas CTAS.O proposes to acquire UNF in a deal valued at $5.2 billion

** Says UNF shareholders to get $275 per share in an all-cash deal, representing 53% premium over the stock's closing price on December 12 when the offer was made

** Offer is CTAS's latest attempt to clinch a deal after two failed attempts in the past, as it seeks to expand scale and improve service efficiency

** "Cintas has undertaken substantial work on the regulatory front and remains confident that there is a clear path to obtaining the regulatory approvals," company says

** As of last close, UNF stock down marginally, while CTAS up ~3% YTD

(Reporting by Koyena Das from Bengaluru)

((Koyena.das@thomsonreuters.com))