Elis is said to make rebuffed bid for UniFirst amid Vestis talks, Bloomberg reports (updated)

Elis SA

04/10/2024 01:34

(Adds details from the report in paragraphs 2,3 and background
in paragraphs 5,6)
       Oct 3 (Reuters) - French workplace supplies provider
Elis SA  ELIS.PA  made an informal takeover proposal to U.S.
peer UniFirst Corp  UNF.N , Bloomberg News reported on Thursday,
citing people familiar with the matter.
    Massachusetts-based UniFirst approached Elis to assess its
interest in a deal after Elis's takeover approach to rival
Vestis Corp  VSTS.N  became public last month, the report added.
    At the same time, Elis and Vestis are still holding
exploratory talks about a potential deal, Bloomberg said.
    Elis, UniFirst and Vestis did not immediately respond to
requests for comment outside regular business hours. 
    Elis and Vestis confirmed the interest about a month ago
after Reuters first reported the acquisition offer.
    Elis, which has a market value of about 9.2 billion euros
($10.15 billion) including debt, is a provider of workplace
supplies and offers maintenance services for uniforms. 
        
  
($1 = 0.9060 euros)

 (Reporting by Disha Mishra in Bengaluru; Editing by Alan
Barona)
 ((Disha.Mishra@thomsonreuters.com))