Overview
- Cintas has renewed its proposal to buy UniFirst for roughly $5.2 billion in cash, offering $275 per share.
- Commentary highlights a $350 million reverse termination fee attached to the bid, described as signaling confidence the deal could clear antitrust review.
- The latest move follows Cintas’ earlier attempts, including a January 2025 offer that UniFirst rejected and was described as a hostile push.
- The bid represents a 64% premium to UniFirst’s prior trading level, according to Jim Cramer’s analysis.
- Cramer frames the pursuit as ongoing consolidation in uniform and facility services, while noting UniFirst has insisted on independence as a public company.