Cintas withdraws offer to merge with Unifirst, causing Unifirst stock price to tumble.

From StockTwits: 2025-03-26 00:36:00

UBS lowered Unifirst stock price target to $194 from $235 after Cintas backed out of merger talks. Cintas had offered $275 per share, a 46% premium over Unifirst’s average price. Cintas CEO cited lack of engagement from Unifirst for deal withdrawal. Unifirst rejected offer, citing shareholder interests. UBS revised price target post-update. Stocktwits sentiment for Unifirst turned ‘bearish,’ while Cintas sentiment became ‘extremely bullish.’ Retail trader suggested Cintas acquire Vestis Corp. Cintas shares up 5.9% this year, Unifirst down 1%.

Source: Stocktwits



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