Elis Scraps Acquisition Talks With US Rivals UniFirst, Vestis [BNN Bloomberg (Canada)]
Unifirst Corporation (UNF)
Last unifirst corporation earnings: 4/1 08:00 am
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Source: BNN Bloomberg
The French company held discussions with both UniFirst Corp. and Vestis Corp. as part of its exploration of an entry into the US market, it said in a statement Friday following a Bloomberg News report. Talks with both companies have now been terminated, as “neither would have allowed Elis to complete a transaction that would be in line with the company's strict financial discipline.” Shares of Elis were up 13% at 3:29 p.m. Friday in Paris after the announcement, giving it a market value of €4.9 billion ($5.4 billion). UniFirst had a market capitalization of about $3.7 billion at Thursday's close in New York, while Vestis was valued at $1.9 billion. “Elis therefore remains focused on its strategy combining organic growth and value-creating acquisitions,” it said in the statement, adding that it will continue to look at opportunities in new markets. People with knowledge of the matter said earlier that Elis had made an informal takeover proposal to UniFirst. Massachusetts-based U
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News
- Unifirst Declares Increased Cash DividendsGlobeNewswire
- UniFirst Corp.: Downgrade To Hold As Upside Potential Is Limited Given Weak FY25 Outlook [Seeking Alpha]Seeking Alpha
- UniFirst Co. (NYSE: UNF) had its price target raised by analysts at Robert W. Baird from $199.00 to $200.00. They now have a "neutral" rating on the stock.MarketBeat
- UniFirst Corporation (UNF) Q4 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Compared to Estimates, UniFirst (UNF) Q4 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
UNF
Earnings
- 10/23/24 - Beat
UNF
Sec Filings
- 11/14/24 - Form 10-K
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- UNF's page on the SEC website