Cintas to acquire UniFirst for $155 cash + 0.7720 CTAS shares per UNF share

CINTAS CORP

Merger consideration: $155 cash and 0.7720 Cintas shares per UniFirst share; total value not disclosed.
Voting agreement secures ~2/3 of UniFirst voting power in favor of merger.
Cintas obtained $2.85B debt financing commitment from Morgan Stanley, KeyBank, Wells Fargo.
Termination fees: $213.3M payable by UniFirst, $350M payable by Cintas in specified circumstances.
Merger subject to regulatory approvals, UniFirst shareholder vote, and other conditions; expected close by Jan 2027.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

CINTAS CORP entered into Agreement and Plan of Merger with UniFirst Corporation valued at $155 in cash and 0.7720 shares of Cintas Common Stock (effective 2026-03-10).

Action: entry
Agreement: merger
Counterparty: UniFirst Corporation
Value: $155 in cash and 0.7720 shares of Cintas Common Stock
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, Cintas Corporation, a Washington corporation (“Cintas”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with (i) UniFirst Corporation, a Massachusetts corporation (“UniFirst”), (ii) Bruin Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Cintas (“Merger Sub Inc.”), and (iii) Bruin Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Cintas (“Merger Sub LLC”).

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CINTAS CORP filing history →

Source: SEC EDGAR

accession 0000950103-26-003567

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