(Il Sole 24 Ore Radiocor) - Milano, 11 mar - Cintas, a US provider of uniforms as well as safety and hygiene products, said that it has entered into a definitive agreement to buy its peer UniFirst for 310.00 per share in cash and stock, representing an enterprise value of approximately 5.5 billion dollars.

The transaction is expected to close in the second half of 2026, it said.

The deal is expected to be accretive to Cintas' earnings per share by the end of the second full year after closing. Net leverage ratio at close is expected to be 1.5x debt to EBITDA, it added.

Cintas expects to generate approximately 375 million dollars.

of operating cost synergies thanks to the takeover.

(RADIOCOR) 11-03-26 13:46:23 (0416) 5 NNNN