0810 ET - Activist investor Engine Capital is on board with UniFirst's deal to sell itself to Cintas. "This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders," says Engine Capital Managing Partner Arnaud Ajdler. Engine, which owns more than 3% of UniFirst shares, had waged a proxy fight at the company last year while pushing for a sale. But its board nominees had failed to get elected, given that UniFirst's dual-class share structure leaves the founding Croatti family with majority voting rights. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 08:10 ET (12:10 GMT)

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