Jim Cramer Highlights Cintas’ Attempts to Buy UniFirst
Group 1 - Cintas Corporation is attempting to acquire UniFirst, the third-largest player in the uniform retail industry, with a formal bid of $275 million, representing a 64% premium over UniFirst's previous trading price [1] - The acquisition is valued at $5.2 billion, and Cintas is confident in regulatory approval, offering a $350 million reverse termination fee as part of the deal [1] Group 2 - Cintas provides a range of services including uniform rental, facility services, workplace supplies, first aid, safety, and fire protection products [2]