Cintas proposes to acquire UniFirst for $275/share cash (~$5.3B), 46% premium over 90-day average

CINTAS CORP

Offer values UniFirst at ~$5.3B; $275/share cash for all common/Class B shares.
Premium of 46% to UniFirst's 90-day avg closing price as of Jan 6, 2025.
Cintas says UniFirst board repeatedly refused to engage since Nov 2024; going public now.
Cintas confident on regulatory path; no financing contingency; expects accretion to Cintas EPS.
79% of UniFirst common shares held by investors who also own CTAS stock.

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