UniFirst Shareholders Approve Cintas Merger with $155 Cash and 0.7720 Shares
UNF•UniFirst shareholders voted over 99% in favor, representing about 95% of outstanding shares, to approve the Cintas acquisition. Under the agreement, UniFirst holders will receive $155.00 in cash plus 0.7720 Cintas shares per UniFirst share, with closing expected in the second half of 2026.
1. Shareholder Approval
UniFirst held its Special Meeting on June 11, where over 99% of votes cast, representing roughly 95% of all outstanding common and Class B shares, approved the merger agreement with Cintas.
2. Merger Consideration Terms
Under the definitive agreement, each UniFirst share entitles holders to $155.00 in cash plus 0.7720 Cintas shares, establishing a clear combined equity and cash transaction value.
3. Transaction Timeline and Conditions
The companies expect closing in the second half of calendar 2026, subject to customary closing conditions and regulatory approvals before the deal becomes effective.
4. Strategic Rationale
The combined entity aims to leverage UniFirst’s 270 service locations and Cintas’s scale to drive innovation in uniform and facility services, unlocking growth opportunities and maximizing shareholder value.
