UniFirst shareholders overwhelmingly approve $5.5B merger with Cintas

UniFirst (NYSE:UNF) shareholders voted decisively to approve the company’s pending acquisition by Cintas (NASDAQ:CTAS) during a special meeting.

The regulatory milestone brings the two major North American uniform and facility services providers closer to finalizing their $5.5 billion consolidation.

Under the structural terms of the definitive merger agreement, UniFirst shareholders are entitled to receive $155 in cash along with 0.7720 shares of Cintas common stock for each share of UniFirst they hold.

The transaction value matches the original $310 per share baseline established when the multi-billion dollar combination was finalized in March.

The equity portion of the payout allows UniFirst investors to retain a continuing equity interest in the expanded operational upside of the combined business services footprint.

Investor support for the tie-up was near-unanimous, with over 99% of the votes cast at the special meeting in favor of adopting the merger agreement.

The transaction remains on track to close in the second half of 2026.