NYSE:UNFCommercial Services
How Investors Are Reacting To UniFirst (UNF) Activism And Pressure To Revisit Cintas Takeover Bids
In recent days, UniFirst has faced intensifying shareholder activism as Engine Capital won support from proxy advisor ISS to elect its director nominees, while investors criticized the board’s rejection of Cintas’s US$275-per-share takeover offers and called for a special committee to explore a potential sale.
This coordinated push from multiple shareholders and an influential proxy advisor signals growing pressure on UniFirst’s governance, capital allocation, and long-term...