Jim Cramer Discusses UniFirst (UNF) Being Targeted by Another Offer From Cintas

Core Viewpoint - UniFirst Corporation (NYSE:UNF) is facing a new acquisition bid from Cintas, with a $5.2 billion offer, marking the third attempt by Cintas to acquire the company [2]. Group 1: Acquisition Details - Cintas has proposed a per-share purchase price of $275, which is unchanged from a previous bid of $5.3 billion made in January [2]. - The previous two offers from Cintas were rejected by UniFirst Corporation, with the latest bid occurring in a changed market environment [2]. - Following the announcement of the latest bid, UniFirst shares surged by 30% [2]. Group 2: Market Context - Engine Capital, holding a 3.2% stake in UniFirst, has urged the board to consider a sale, highlighting a growing gap between UniFirst and its competitor Cintas since the passing of former CEO Ron Croatti eight years ago [2]. - Jim Cramer commented on the acquisition attempts, suggesting that the uniform industry is experiencing significant activity, though he does not expect it to be chaotic [3].