BUZZ-UniFirst falls after Cintas terminates deal talks

Reuters
25 Mar
BUZZ-UniFirst falls after Cintas terminates deal talks

** Shares of uniform supplier UniFirstUNF.N fall 10.4% to $177 after the bell

** Uniform rental firm Cintas CTAS.O has terminated discussions with UNF for potential takeover

** CTAS says it and UNF were unable to have substantive engagement regarding key transaction terms

** UNF in January had rebuffed takeover proposal from Cintas that valued it at $5.3 billion; said it was confident of its strategy as standalone company

** Up to last close, UNF up 15.5% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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