Cintas-UniFirst Merger Spread Widens Amid Reports of FTC Meeting
The deal spread for Cintas's (CTAS) proposed $5.5 billion acquisition of UniFirst (UNF) expanded on Friday, rising to $97 from the previous day's $89. This widening reflects increased market uncertainty regarding the transaction's approval. The movement follows reports that the Federal Trade Commission (FTC) is scheduled to hold a 'last rites' meeting with both companies. Such meetings often signal a final stage of regulatory scrutiny, potentially preceding a decision on whether the merger faces antitrust challenges.
Topics: antitrust deal spread FTC investigation M&A