
MergerJun 12, 2026, 08:01 AM
UniFirst Shareholders Approve Cintas Acquisition with 99%+ Vote
AI Summary
UniFirst Corporation announced that its shareholders overwhelmingly approved the pending acquisition by Cintas Corporation at a Special Meeting. Over 99% of votes cast, representing approximately 95% of outstanding shares, were in favor of the merger agreement. Under the terms, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share. The company anticipates the transaction will close in the second half of calendar 2026, subject to regulatory approvals and customary closing conditions.
Key Highlights
- UniFirst shareholders approved the pending acquisition by Cintas Corporation.
- Over 99% of votes cast were in favor of the merger agreement.
- The approval represents approximately 95% of all outstanding UniFirst shares.
- UniFirst shareholders will receive $155.00 in cash per share.
- Shareholders will also receive 0.7720 shares of Cintas stock per share.
- The transaction is expected to close in the second half of calendar 2026.
Price Impact
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