Cintas, a maker of workplace products, agreed to acquire UniFirst in a deal with an enterprise value of $5.5 billion, more than four years after it first bid for the smaller uniform supplier. - Erik McGregor/LightRocket/Getty ImagesCintas, a maker of workplace products, agreed to acquire UniFirst in a deal with an enterprise value of $5.5 billion, more than four years after it first bid for the smaller uniform supplier. UniFirst shareholders would receive $155 in cash and 0.7720 shares of Cintas stock for each UniFirst share they own, for a total value of $310 a share based on Cintas’s Monday closing price of $200.77. UniFirst shares jumped 9% to $281 in premarket trading. Activist investor Engine Capital, which owns more than 3% of UniFirst shares, had waged a proxy fight at the company while pushing for a sale.

Source: Wall Street Journal March 11, 2026 23:05 UTC