Date:	--/--/-- --:--:--
Event Id:	E5DUE3OZQ
Action Type:	ACQUISITION
Action Status:	PROPOSED
Acquirer Symbol:
Target Symbol:	UNF
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	275
Price Per Share Currency:	USD
News References:	https://www.businesswire.com/news/home/20251221552757/en/

Action Notes

Cintas Corporation today announced that it submitted a proposal to the Board of Directors of UniFirst Corporation to acquire all outstanding common and class B shares of UniFirst for $275.00 per share (the "Proposal") in cash. The Proposal, which was delivered to the UniFirst Board on December 12, 2025, implies a total value for UniFirst of approximately $5.2 billion and offers UniFirst shareholders a 64% premium to UniFirst's ninety-day average closing price as of December 11, 2025. Cintas expects to have limited and specific confirmatory due diligence requirements, customary for a public company transaction of this nature. Completion of the contemplated transaction is contingent upon reaching a definitive agreement and would be subject to the satisfaction of customary closing conditions, including receipt of UniFirst shareholder approval.