CTAS Stock Movement Summary Cintas (CTAS) stock gave back gains from the UniFirst acquisition announcement as the broader market sold off. Acquisition Activity: Bloomberg reported that UniFirst (UNF) is in active discussions to be acquired by Cintas. Cintas resubmitted a $275-per-share takeover offer in December, representing a premium over UniFirst's recent closing price. UniFirst's CEO confirmed the board is evaluating the renewed proposal, following previous on-and-off acquisition attempts. Recent Developments: Cintas was cited for multiple serious safety violations and faces over $46,000 in penalties following a fatal accident at its Greensboro facility in July 2025. An employee died after being crushed by equipment that was not properly locked out or tagged out. Additionally, Cintas partnered with Ford Motor Co. and Carhartt to launch a national uniform program for Ford dealership service technicians.
Read full analysisCTAS Stock Movement Summary Cintas (CTAS) stock gave back gains from the UniFirst acquisition announcement as the broader market sold off. Acquisition Activity: Bloomberg reported that UniFirst (UNF) is in active discussions to be acquired by Cintas. Cintas resubmitted a $275-per-share takeover offer in December, representing a premium over UniFirst's recent closing price. UniFirst's CEO confirmed the board is evaluating the renewed proposal, following previous on-and-off acquisition attempts. Recent Developments: Cintas was cited for multiple serious safety violations and faces over $46,000 in penalties following a fatal accident at its Greensboro facility in July 2025. An employee died after being crushed by equipment that was not properly locked out or tagged out. Additionally, Cintas partnered with Ford Motor Co. and Carhartt to launch a national uniform program for Ford dealership service technicians.
Cintas is one of the largest providers of corporate uniforms, facility services, and workplace safety products in the United States. The company is currently in active acquisition discussions with rival UniFirst, which would significantly expand its footprint in the uniform rental industry.