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Stock impact report

UniFirst rejects takeover offer from Elis - Bloomberg [Seeking Alpha]

Unifirst Corporation (UNF) 
Last unifirst corporation earnings: 4/1 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.unifirst.com/investor-overview
Company Research Source: Seeking Alpha
Elis made an informal bid for UniFirst ( UNF ), whose board rejected it in recent days, and the companies are not currently in discussions, according to a Bloomberg report on Thursday. UniFirst ( UNF ) reached out to Elis to gauge its interest after Elis made a takeover approach for rival uniform company Vestis Corp. ( VSTS ), according to the report. Vestis ( VSTS ) and Elis are still in exploratory discussions about a possible deal, according to the report. The two rivals formally confirmed the discussions early last month after a Reuters report that the French workplace supplie r had made an offer for Vestis (VSTS). Since the confirmation of talks, Vestis ( VSTS ) has attracted interest from other parties, including PE firms, Bloomberg also reported on Thursday. Deliberations are said to be at an early stage, and talks with Elis and other parties may not lead to a deal. A potential Vestis ( VSTS ) sale comes after activist investor Corvex Management disclosed a stake in Ma Show less Read more
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