Market Chatter: Cintas in Advanced Talks to Acquire UniFirst

MT Newswires Live02:52

Cintas (CTAS) is in advanced talks to buy uniform-maker UniFirst (UNF), Bloomberg reported Thursday, citing people familiar with the matter.

A deal could be announced next week, although discussions could fall through or the timing could change, according to Bloomberg.

The companies are currently negotiating a price that exceeds the $275-per-share offer resubmitted by Cintas in December, the report said.

Cintas and UniFirst did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 200.18, Change: +0.06, Percent Change: +0.03

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