MergerJun 12, 2026, 08:07 AM
Cintas/UniFirst Merger Faces FTC Second Request; Shareholders Approve
AI Summary
Cintas Corporation and UniFirst Corporation received a Second Request from the U.S. Federal Trade Commission (FTC) regarding their previously announced merger. This request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Despite this, UniFirst shareholders have approved the acquisition, and Cintas still anticipates the mergers to close in the second half of calendar 2026, subject to regulatory approvals and customary closing conditions.
Key Highlights
- Cintas and UniFirst received a Second Request from the U.S. Federal Trade Commission (FTC) on June 11, 2026.
- The Second Request extends the HSR Act waiting period until 30 days after both companies substantially comply.
- UniFirst shareholders approved the pending acquisition by Cintas on June 12, 2026.
- Cintas continues to expect the mergers to close in the second half of calendar 2026.
- The merger involves Cintas acquiring UniFirst through a two-step process.
Price Impact
More from CTAS