Why Unifirst Stock Crushed the Market Today

The uniform and workwear company might end up in the portfolio of a major business in its specialized field.Trading in the stock of industrial uniform and workwear company UniFirst (UNF +15.83%) was uncharacteristically lively on Monday. That's because the company has received a formal buyout offer from a well-known peer. After digesting the news, investors rushed into UniFirst stock, sending it up by more than 16% on the day. Trying on for sizeThat morning, Cintas announced it had offered to acquire all co ...