M&A
confidence high
sentiment positive
materiality 0.85
UniFirst shareholders approve Cintas acquisition; FTC issues second request
UNIFIRST CORP
- 99%+ of votes cast in favor (47,458,203 for, 10,251 against) with ~95% of outstanding shares voted.
- Consideration: $155.00 cash + 0.7720 Cintas shares per UniFirst share.
- FTC issued Second Request under HSR Act, extending waiting period until 30 days after substantial compliance.
- Transaction expected to close in second half of calendar 2026, subject to customary conditions and regulatory approvals.
- Non-binding advisory say-on-golden-parachute proposal approved (40,345,244 for, 7,077,010 against).
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Selected #5 for 2026-06-12.
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