Cintas-UniFirst deal spread widens on FTC scrutiny: Bernstein
Bernstein notes increased market concern over Cintas's (CTAS) acquisition of UniFirst (UNF) due to FTC scrutiny. The spread between the two stocks has widened, with UniFirst shares dropping 7% and Cintas down 2% since August 25. Analyst Connor Cerniglia rates Cintas Market Perform with a $200 price target, citing a 30% chance of deal failure. Cintas expects to complete its FTC response by November, with Bernstein believing the deal will likely close in early 2027.



