Vestis falls as Elis abandons takeover efforts [Yahoo! Finance]
Unifirst Corporation (UNF)
Last unifirst corporation earnings: 4/1 08:00 am
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investors.unifirst.com/investor-overview
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Source: Yahoo! Finance
Vestis has been under pressure this year, down 33%, with an additional decline of over 8% in the past week. In a press release, Elis, a French company, revealed it had terminated talks with both Vestis and UniFirst (NYSE:UNF) as part of its exploration of entering the U.S. market. The company cited the inability to achieve a deal that aligned with its financial discipline as the reason for ending the discussions. "Both discussions have been terminated, as neither would have allowed Elis to complete a transaction that would be in line with the company's strict financial discipline," Elis stated in the release. Despite the end of these talks, Elis emphasized that it remains committed to its strategy of pursuing organic growth and value-creating acquisitions. The company plans to focus on maintaining its leadership in existing markets and continues to explore potential new market opportunities. "The Group's operational know-how, its growth profile and its model based on the
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UNF
Earnings
- 10/23/24 - Beat
UNF
Sec Filings
- 12/5/24 - Form DEFA14A
- 12/5/24 - Form DEF
- 11/22/24 - Form 4
- UNF's page on the SEC website