Unifirst shares rise 15.10% intraday as acquisition talks with Cintas at $275/share resume.

Unifirst surged 15.10% intraday following reports of renewed acquisition talks with Cintas, which resubmitted a $275-per-share bid in December. The stock’s rally aligned with news that the offer represented a significant premium to its Monday closing price of $199.84, sparking pre-market trading at $235.80. The discussions, ongoing since 2022, mark a new phase after prior unsuccessful attempts. Cintas, a larger competitor, has long sought to acquire Unifirst, with CEO Steven Sintros confirming the board is evaluating the proposal. The potential deal, though preliminary, underscores strategic interest in the uniform and safety services sector, driving immediate market optimism.