Why Unifirst Stock Crushed the Market Today [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
10 stocks we like better than UniFirst › Trading in the stock of industrial uniform and workwear company UniFirst (NYSE: UNF) 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. That morning, Cintas announced it had offered to acquire all common and Class B UniFirst shares for a price of $275 per share. This bid was submitted to UniFirst's board of directors on Dec. 12, Cintas added. The would-be acquirer emphasized that its price represented a 64% premium to UniFirst stock's 90-day average as of the previous day. Shortly after this announcement, UniFirst publicly confirmed it had received Cintas's offer. It said that it is "carefully reviewing and evaluating the proposal to determine the course of action that it believes is in the best interests of the company, its shareholders and other stakehol
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