0 0 0 0.000103535745716114 0 0.000155303618574319 0.00264016151576327 0.000880053838587708
Sign Up Today X
Thanks for submitting the form.
Stockreport

Cintas to acquire UniFirst in $5.5B deal, UBS analysts see potential synergies [Yahoo! Finance]

Cintas Corporation (CTAS)  More Company Research Source: Yahoo! Finance
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Cintas Corporation (NASDAQ:CTAS) announced plans to acquire UniFirst Corporation (NYSE:UNF) for $310 per share, in a transaction valued at approximately $5.5 billion, comprising 50% cash and 50% stock. The deal represents an acquisition multiple of roughly 16.6 times UniFirst's last twelve months earnings before interest, taxes, depreciation and amortization (EBITDA). According to analysts at UBS, the transaction could significantly expand Cintas' footprint in the uniform rental and laundry services market. The acquisition would increase Cintas' laundry facility count by about 50% and raise revenue by roughly 20%, creating opportunities for operational optimization. UBS analysts also noted the potential for substantial synergies. Cintas projects $375 million in cost and operational synergies over four years, which could more than double UniFirst's EBITDA of $332 million and result in a synergized transaction multiple of approximately eight times. UBS analysts highlighted that [Read more]
IMPACT SNAPSHOT EVENT TIME: CTAS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
CTAS alerts
from News Quantified
CTAS
NEWS
CTAS
Earnings
CTAS
Analyst Actions
CTAS
SEC Filings
Stockreport

Cintas to acquire UniFirst in $5.5B deal, UBS analysts see potential synergies [Yahoo! Finance]

Cintas Corporation  (CTAS) 
More Company Research Source: Yahoo! Finance
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Cintas Corporation (NASDAQ:CTAS) announced plans to acquire UniFirst Corporation (NYSE:UNF) for $310 per share, in a transaction valued at approximately $5.5 billion, comprising 50% cash and 50% stock. The deal represents an acquisition multiple of roughly 16.6 times UniFirst's last twelve months earnings before interest, taxes, depreciation and amortization (EBITDA). According to analysts at UBS, the transaction could significantly expand Cintas' footprint in the uniform rental and laundry services market. The acquisition would increase Cintas' laundry facility count by about 50% and raise revenue by roughly 20%, creating opportunities for operational optimization. UBS analysts also noted the potential for substantial synergies. Cintas projects $375 million in cost and operational synergies over four years, which could more than double UniFirst's EBITDA of $332 million and result in a synergized transaction multiple of approximately eight times. UBS analysts highlighted that [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CTAS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS