UniFirst stock price soars amid reports of acquisition negotiations with Cintas

LootboxPhobia · 2026-02-12T04:35:05+00:00

UniFirst Corp. stock price rose 18% due to acquisition talks with Cintas Corp. Cintas reissued an offer to acquire at $275 per share, exploring possibilities, and UniFirst is evaluating the proposal to ensure it aligns with shareholders' interests.

LootboxPhobia

2026-02-12 04:35:05

Abstract generation in progress

Investing.com – On Tuesday morning, UniFirst Corp. (NYSE:UNF) stock surged 18% after Bloomberg reported that the company is engaged in active acquisition negotiations with Cintas Corp. (NASDAQ:CTAS).

Sources familiar with the matter said that the uniform manufacturer has been in contact with Cintas, following a previous bid from its larger competitor in December, which was re-submitted at $275 per share. This price represented a significant premium over UniFirst’s closing price of $199.84 on Monday. After the news was announced, the stock reached $235.80 in pre-market trading.

The negotiations come after years of intermittent acquisition attempts by Cintas. The company initially proposed the $275 per share offer in January 2023 but withdrew it after failing to engage in “substantive” discussions with UniFirst.

UniFirst CEO Steven Sintros acknowledged the renewed bid during last month’s quarterly earnings call, stating that the board is working with advisors to “evaluate” the offer and determine whether it is in the best interests of the company and its shareholders.

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