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Stock impact report

Why UniFirst (UNF) Stock Is Up Today [Yahoo! Finance]

Unifirst Corporation (UNF) 
Last unifirst corporation earnings: 4/1 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.unifirst.com/investor-overview
Company Research Source: Yahoo! Finance
had agreed to be acquired by its industry peer, Cintas, in a cash-and-stock deal valued at approximately $5.5 billion. According to the definitive agreement, UniFirst shareholders were set to receive $155 in cash and 0.772 shares of Cintas for each share they owned. The offer valued each UniFirst share at roughly $310, which represented a significant premium over the stock's previous trading levels and sparked investor excitement. The transaction combined two of the largest providers of uniforms and facilities services in North America. The shares closed the day at $274.90, up 6.6% from previous close. Is now the time to buy UniFirst? Access our full analysis report here, it's free What Is The Market Telling Us UniFirst's shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception o Show less Read more
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