Cintas (CTAS) earlier this month delivered a letter to UniFirst’s (UNF) board of directors offering to acquire all outstanding common and Class B shares at $275 apiece, implying a total deal value of roughly $5.2B, people familiar with the matter told The Wall Street Journal’s Lauren Thomas. This time, Cintas is vowing to make sure the transaction clears any regulatory hurdles by including a sizable $350M break fee to sweeten the deal, the sources added.
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