UniFirst confirms receipt of unsolicited, non-binding proposal from Cintas

UniFirst Corporation (UNF) confirmed it received an unsolicited, non-binding proposal from Cintas Corporation (CTAS) to acquire all the outstanding UniFirst common and Class B shares for $275.00 per share in cash on December 12, 2025. Upon receipt of Cintas’ proposal, the UniFirst Board of Directors, engaged independent financial and legal advisors. Consistent with its fiduciary duties and in consultation with its advisors – as communicated to Cintas – the Board is carefully reviewing and evaluating the proposal to determine the course of action that it believes is in the best interests of the Company, its shareholders and other stakeholders. UniFirst does not intend to comment further on Cintas’ proposal until the Board has completed its review. UniFirst shareholders do not need to take any action at this time. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors, Paul Hastings LLP is serving as legal advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to UniFirst.