Cintas Terminates Discussions with UniFirst
Cintas Corporation (CTAS)
Last cintas corporation earnings: 3/19 04:15 pm
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Source: Business Wire
CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) (the “Company”) today announced that it has terminated discussions with UniFirst Corporation (NYSE: UNF) regarding Cintas’ proposal (the “Proposal”) to acquire all of the outstanding common and class B shares of UniFirst for $275.00 per share in cash, a premium of 46% over UniFirst’s ninety-day average closing price as of January 6, 2025, the last trading day before the Proposal was made public.Todd Schneider, President and Chief Executive Officer of Cintas, said, “We have engaged with UniFirst and its advisors over the past several weeks in an effort to reach a mutual agreement regarding a transaction that we believe offers tremendous value for customers and shareholders. While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time.”“Cintas will continue to execu
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CTAS
News
- Cintas' Q2 Earnings Surpass Estimates, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Cintas (NASDAQ:CTAS) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Cintas (NASDAQ:CTAS) was given a new $235.00 price target on by analysts at UBS Group AG.MarketBeat
- Cintas (NASDAQ:CTAS) had its price target raised by analysts at Robert W. Baird from $220.00 to $225.00. They now have a "neutral" rating on the stock.MarketBeat
- Cintas (NASDAQ:CTAS) was given a new $205.00 price target on by analysts at Wells Fargo & Company.MarketBeat
CTAS
Earnings
- 12/18/25 - Beat
CTAS
Sec Filings
- 12/18/25 - Form 8-K
- 12/17/25 - Form 4
- 12/17/25 - Form 4
- CTAS's page on the SEC website