UniFirst Corporation is a leading provider of workplace uniforms and career apparel in North America
The company specializes in the design, manufacturing, and rental of high-quality uniforms and related products, serving a diverse range of industries, including hospitality, healthcare, and industrial sectors. In addition to uniforms, UniFirst offers a variety of facilities services, such as floor mats, restroom supplies, and first-aid products, ensuring comprehensive solutions for maintaining a clean and professional work environment. With a commitment to sustainability and customer satisfaction, UniFirst delivers tailored services that support businesses in enhancing their brand image while streamlining operational efficiencies.
Shares of workplace uniform provider UniFirst (NYSE:UNF) fell 13.7% in the morning session after Cintas terminated talks to acquire the company (UNF) in a deal that would have been worth $275 per share in cash. The offer price represented a premium of 46% over the stock's average trading price before the news of the offer was made public.
Cintas Corporation terminated discussions to acquire Unifirst Corporation for $275/share in cash. Cintas submitted proposal in Jan, but no agreement reached.
The nation's largest work uniform rental and sales service stock took a tumble despite solid earnings growth and raised guidance. A buying opportunity?
UniFirst reported Q1 2025 results with sales of $604.91M, operating income of $55.5M, and adjusted EPS of $2.40. Cintas offered to acquire UniFirst for $275/share.
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