Cintas Proposes to acquire UniFirst for $5.2bn.

Cintas Proposes, a provider of uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses, offered to acquire UniFirst, a uniform rental company, for $5.2bn. "We remain unwavering in our conviction that combining Cintas and UniFirst would deliver considerable benefits for customers, employee-partners and shareholders. Accordingly, we have reiterated our compelling $275 per share all-cash offer to the UniFirst board and are reaffirming our commitment to move swiftly to complete a transaction," Todd Schneider, Cintas CEO.