Cintas made a bid for UniFirst, causing UniFirst shares to surge 16% while Cintas shares climbed 2%. The offer of $275 per share represents a 62% premium to UniFirst’s closing price. Cintas included a $350 million reverse termination fee to address regulatory concerns. CEO Todd Schneider believes the merger would benefit all parties involved. UniFirst shares had previously soared but lost ground before the new bid, while Cintas shares have risen 5% in 2025.

Read more at Yahoo Finance: Why a Uniform Maker’s Stock Soared 16% Monday