Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas
Businesswire·2026-03-11 11:40

Core Viewpoint - Engine Capital expresses strong support for the announced sale of UniFirst Corporation to Cintas Corporation, stating it is the right transaction at the right price with the right partner, aimed at maximizing value for all UniFirst shareholders [1] Group 1: Transaction Details - Engine Capital, which owns approximately 3.2% of UniFirst's outstanding shares, believes that the engagement with the company over the past year facilitated the transaction [1] - The statement highlights appreciation for the UniFirst Board and trustees for recognizing the company's strategic value in pursuing the sale [1] Group 2: Shareholder Engagement - The managing partner of Engine Capital, Arnaud Ajdler, acknowledges the constructive engagement with shareholders during the recent proxy contest, which contributed to the successful transaction [1] - The statement specifically thanks Chairman Joseph Nowicki and independent director Sergio Pupkin for their efforts in listening to shareholder feedback [1]

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas - Reportify