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AI brief of an SEC Form 8-K · UniFirst (UNF)

UniFirst agrees to be acquired by Cintas for $310 per share in cash and stock

Positive Impact 5 of 5 m&a Written later

UniFirst and Cintas entered into a merger agreement on March 10, 2026, under which Cintas will acquire UniFirst for $155.00 in cash and 0.7720 Cintas shares per UniFirst share, a combined value of $310.00 per share based on Cintas' March 9, 2026 closing price. The implied enterprise value is about $5.5 billion, and closing is expected in the second half of calendar 2026, subject to a two-thirds UniFirst shareholder vote and regulatory approvals. The stock portion of the price will move with Cintas' share price, and UniFirst does not intend to hold quarterly conference calls or provide guidance going forward.

Key points

  • Per UniFirst share: $155.00 in cash plus 0.7720 Cintas shares, valued at $310.00 based on Cintas' $200.77 closing price on March 9, 2026
  • Implied enterprise value of about $5.5 billion, or 8.0x run-rate trailing 12-month EBITDA including about $375 million of operating cost synergies
  • Croatti family entities, which control about two thirds of the voting power, agreed to vote in favor of the transaction
  • UniFirst would pay Cintas a termination fee of $213.3 million in specified circumstances; Cintas would pay UniFirst $350 million in specified circumstances

The filing

CompanyUniFirst (UNF)
Form8-K, current report
Filed with the SECMar 11, 2026, 8:10 AM ET
Accession number0001193125-26-101128

Items reported: 1.01 Material Definitive Agreement5.03 Bylaw / Charter Amendment7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.