Cintas (CTAS) to buy UniFirst (UNF) for USD 310/shr in cash and stock; deal expected to be accretive to Cintas EPS by end of second FY after closing

• Cintas Q3 prelim revenue 2.84bln (exp. 2.81bln).

Cintas's acquisition of UniFirst for USD 310 per share, anticipated to be EPS accretive by the second fiscal year post-closing, signals a strategic consolidation in the sector. This deal likely reinforces Cintas's market position and could lead to a favorable outlook for their stock, while the better-than-expected preliminary revenue underscores robust operational performance.