UniFirst Shareholders Approve Acquisition by Cintas
UniFirst (UNF) announced that at its special meeting of shareholders held yesterday, an overwhelming majority of UniFirst shareholders voted to approve the company's pending acquisition by Cintas (CTAS). Under the terms of the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share they own. Over 99% of votes cast were in favor of the merger agreement, representing approximately 95% of all outstanding UniFirst shares of common stock and shares of Class B common stock, voting together as a single class. The voting results, as certified by an independent inspector of election, are available on a Form 8-K filed with the U.S. Securities and Exchange Commission. The company continues to expect the transaction to close in the second half of calendar 2026, subject to customary closing conditions and the receipt of certain regulatory approvals.
