Cintas Proposes $5.2B Cash Acquisition Of UniFirst At $275 Per Share, Offering 64% Premium To 90‑Day Average Closing Price As Of December 11

Proposal represents 64% premium to UniFirst's 90-day average price as of December 11, 2025

Reiterates benefits to customers, employee-partners and shareholders

Cintas Corporation (NASDAQ:CTAS) today announced that it submitted a proposal to the Board of Directors of UniFirst Corporation (NYSE:UNF) to acquire all outstanding common and class B shares of UniFirst for $275.00 per share (the "Proposal") in cash. The Proposal, which was delivered to the UniFirst Board on December 12, 2025, implies a total value for UniFirst of approximately $5.2 billion and offers UniFirst shareholders a 64% premium to UniFirst's ninety-day average closing price as of December 11, 2025.

The combined company would provide innovative products and outstanding service to well over 1 million business customers across the US and Canada. Cintas has an exceptional track record of organic growth, and the combination with UniFirst would provide additional processing capacity and greater route density which would further enhance customer service.