Cintas Corp
CTAS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|yh | LOCK|#?! | LOCK|N%$lFbW |
Cintas: Bid for Third-Largest Uniform Rental Company Would Accelerate Industry Consolidation
On the morning of Jan. 7, Cintas made public its proposal for an all-cash acquisition of UniFirst for $275 per share, over a 60% premium to UniFirst's Jan. 6 share price. This is not Cintas’ first attempt at approaching UniFirst, but the news sent UniFirst shares up over 25%. We’ve left Cintas’ fair value estimate unchanged to reflect the uncertainty of a successful acquisition.
