Cintas Ends Talks To Buy UniFirst Over Disagreements
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Cintas Corp. has ended discussions to acquire UniFirst Corp. due to disagreements over key transaction terms. The proposed offer was $275.00 per share, a 46% premium over UniFirst's average closing price prior to the proposal. Cintas CEO Todd Schneider noted that despite recognizing the value of the deal, the lack of progress made further discussions unfeasible.
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