Cintas Corp. (CTAS) News
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CTAS News Highlights
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Latest CTAS News From Around the Web
Below are the latest news stories about CINTAS CORP that investors may wish to consider to help them evaluate CTAS as an investment opportunity.
UniFirst Stock Is Up 40% on $5.3 Billion Takeover OfferUniFirst shares are surging in response to news that Cintas a competitor in manufacturing work uniforms, has made an offer to acquire the company, valuing it at $5.3 billion. Cintas, which offers first aid and safety and other uniforms, is proposing to pay $275 per share for all of UniFirst’s outstanding common and Class B shares. The stock rose in premarket trading after The Wall Street Journal reported that Cintas had made the offer. |
Q1 2025 UniFirst Corp Earnings CallQ1 2025 UniFirst Corp Earnings Call |
3 Reasons Why Growth Investors Shouldn't Overlook Cintas (CTAS)Cintas (CTAS) could produce exceptional returns because of its solid growth attributes. |
Cintas-Targeted Uniform Supplier UniFirst Reports Mixed Q1 Results; Adjusts Annual Revenue OutlookUniFirst Corporation (NYSE:UNF) shares are trading higher after the company reported first-quarter results. Quarterly sales of $604.91 million missed the analyst consensus of $606.62 million. UniFirst registered an operating income of $55.5 million, an increase of 4.5% year over year. Adjusted EBITDA increased to $94.0 million from $88.7 million in the prior year. Adjusted EPS of $2.40 beat the consensus of $2.22. UniFirst reported expenses of approximately $2.5 million in the quarter related to |
Cintas Goes Public With Attempt to Acquire UniFirst in Potential $5.3 Billion All-Cash DealCintas (CTAS) on Tuesday went public with its attempt to acquire smaller uniform rental company UniF |
Cintas Makes $5.1 Billion Takeover Offer for Uniform Supplier UniFirstFor Cintas, a deal would allow the combined companies to serve more customers and make greater use of its recent investments in technology and infrastructure. |
UniFirst Shares Skyrocket As Cintas Reveals $275 Per Share Acquisition OfferUnifirst Corporation (NYSE:UNF) shares are trading higher on Tuesday. Cintas Corporation (NASDAQ:CTAS) has made a solid move by submitting a proposal to acquire all outstanding shares of UniFirst for $275 per share in cash. This offer, which represents a 46% premium to UniFirst’s ninety-day average closing price as of January 6, 2025, values UniFirst at approximately $5.3 billion. The $275 per share offer is also a 54% premium to UniFirst’s closing price on February 7, 2022, when Cintas initiall |
Cintas Proposes to Acquire UniFirst for $275.00 Per Share in CashCINCINNATI, January 07, 2025--Cintas Corporation (Nasdaq: CTAS) today announced that it submitted a proposal to the Board of Directors of UniFirst Corporation (NYSE: UNF) to acquire all outstanding common and class B shares of UniFirst for $275.00 per share (the "Proposal") in cash. The Proposal implies a total value for UniFirst of approximately $5.3 billion and offers UniFirst shareholders a 46% premium to UniFirst’s ninety-day average closing price as of January 6, 2025. |
Uniform supplier UniFirst rebuffs Cintas' $5.3 billion takeover bid(Reuters) -Uniform supplier UniFirst on Tuesday rebuffed again a takeover proposal from Cintas that valued the firm at $5.3 billion and said that it was confident of its strategy as a standalone company. Earlier in the day, the uniform rental firm said that it had offered $275 for each outstanding common and Class B share, representing a 62.4% premium to UniFirst's closing price on Monday. Shares of UniFirst pared gains and were last up about 16% after surging as much as 44% prior to the rejection. |
Cintas Corporation Recognized by The Wall Street Journal as One of the Best-Managed Companies of 2024CINCINNATI, January 06, 2025--As a leader in the business services industry, Cintas is committed to excellence across all facets of its operations. |