M&A - CINTAS CORP
Form Type: 8-K
Filing Date: 2025-03-24
Corporate Action: Acquisition
Type: Update
Accession Number: 000095010325003744
Filing Summary: On March 24, 2025, Cintas Corporation announced the termination of discussions with UniFirst Corporation regarding a proposal to acquire all outstanding common and class B shares of UniFirst. This decision concludes prior negotiations for the acquisition, with details provided through a press release that is attached as Exhibit 99.1. The company has provided no new updates on future acquisition intentions at this time.
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Additional details:
Press Release Title: Cintas Terminates Discussions with UniFirst
Acquisition Status: terminated discussions
Target Company: UniFirst Corporation
Form Type: 425
Filing Date: 2025-01-07
Corporate Action: Acquisition
Type: New
Accession Number: 000095010325000223
Filing Summary: On January 7, 2025, Cintas Corporation confirmed the delivery of a proposal to acquire all outstanding shares of UniFirst Corporation for $275.00 per share in cash. This proposal is part of ongoing communications between Cintas and UniFirst, which included six letters exchanged since November 8, 2024. The proposal highlights Cintas' strategic interest in enhancing its business through the acquisition of UniFirst. BDT & MSD Partners are serving as financial advisors to Cintas, while Davis Polk & Wardwell LLP acts as legal advisor. The report contains forward-looking statements that detail the potential risks associated with the transaction, including market reaction and financial implications for Cintas. Additionally, important information for investors regarding the acquisition process and formal documentation expectations is provided, emphasizing the need for stakeholders to review any forthcoming SEC filings closely.
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Additional details:
Proposal Details: Cintas proposed to acquire all of UniFirst's outstanding common and class B shares for $275.00 per share in cash.
Financial Advisor: BDT & MSD Partners
Legal Advisor: Davis Polk & Wardwell LLP
Correspondence Dates: Letters exchanged between Cintas and UniFirst from November 8, 2024, to December 20, 2024.
Exhibits: Includes press release (Exhibit 99.1), presentation slides (Exhibit 99.2), and correspondence letters (Exhibit 99.3).
Form Type: 8-K
Filing Date: 2025-01-07
Corporate Action: Acquisition
Type: New
Accession Number: 000095010325000221
Filing Summary: On January 7, 2025, Cintas Corporation issued a press release regarding a proposal to acquire all outstanding common and class B shares of UniFirst Corporation for $275.00 per share in cash. The acquisition proposal is accompanied by a series of communications between Cintas and UniFirst dating back to November 8, 2024, which detail their discussions concerning the acquisition. Cintas has also engaged BDT & MSD Partners as its financial advisor and Davis Polk & Wardwell LLP as legal counsel for the proposed acquisition. The report includes warnings about forward-looking statements related to the acquisition and encourages shareholders to consider the potential risks and uncertainties concerning the transaction.
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Additional details:
Proposal Amount: 275.00
Financial Advisor: BDT & MSD Partners
Legal Advisor: Davis Polk & Wardwell LLP
Correspondence Dates: ["2024-11-08","2024-11-25","2024-11-27","2024-12-03","2024-12-09","2024-12-20"]
Form Type: DEFA14A
Filing Date: 2025-01-07
Corporate Action: Acquisition
Type: New
Accession Number: 000095010325000222
Filing Summary: On January 7, 2025, Cintas Corporation issued a press release announcing a proposal to acquire UniFirst Corporation. The acquisition proposal entails purchasing all outstanding common and class B shares of UniFirst for $275.00 per share in cash. Cintas has provided six letters of correspondence exchanged with UniFirst regarding this proposal from November 8, 2024, to December 20, 2024. BDT & MSD Partners are acting as Cintas' financial advisors, while Davis Polk & Wardwell LLP is serving as legal advisors. The proposal includes forward-looking statements by Cintas regarding risks, expectations, and uncertainties linked to the acquisition. Investors are advised to read all relevant filings with the SEC regarding the proposal carefully.
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Additional details:
Date Of Proposal: 2025-01-07
Proposed Acquisition Price: 275.00
Target Company: UniFirst Corporation
Financial Advisors: BDT & MSD Partners
Legal Advisors: Davis Polk & Wardwell LLP
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