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-0.00143358544663598 -0.00143358544663598 -0.00637698353848432 0.000296603885510911 -0.00143358544663598 -0.00143358544663598 -0.00143358544663598 -0.00143358544663598
Stock impact report

Why a Uniform Maker's Stock Soared 16% Monday [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
The latest offer comes after Cintas said it took steps to address regulatory concerns. UniFirst ( UNF ) shares took off Monday after rival Cintas ( CTAS ) made another bid for the business uniforms and supplies provider. Shares of UniFirst jumped over 16% to finish near $198 Monday, while Cintas shares climbed about 2% to just under $192. Cintas said it offered $275 per share in cash for all of UniFirst's outstanding common and Class B shares, a 62% premium to UniFirst's closing price on Friday. Cintas renewed its $275-per-share bid for UniFirst, this time including a large reverse termination fee to address regulatory concerns. The bid offers a steep premium for UniFirst shareholders, and shares of both companies climbed on the news of the revamped proposal. Cintas made an offer of $275 per share to UniFirst back in January, but was rebuffed amid concerns about regulatory approval. Cintas ended those negotiations in March. In its latest proposal, the company said it has Show less Read more
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