GuruFocus and Seeking Alpha published different Friday estimates for the per-share spread on Cintas’ planned UniFirst acquisition, putting it at $97 and $95, respectively, while the transaction remains subject to regulatory approvals.
Cintas said in March that the transaction had an enterprise value of about $5.5 billion. Each UniFirst share is to receive $155 in cash plus 0.7720 Cintas shares. At announcement, the package implied $310 per share, using Cintas’ March 9 closing price of $200.77.
The companies’ original March announcement projected a close in the second half of 2026. UniFirst shareholders approved the acquisition on June 11; the transaction remains subject to regulatory approvals and other closing conditions.
