We recently published 10 Stocks Jim Cramer Discussed. Cintas Corporation is one of the stocks on Jim Cramer discussed.
Cintas Corporation is a specialty business service firm that deals primarily in uniforms. The firm was at the center of media attention earlier this week after it announced its intent to acquire uniform company UniFirst for a $5.2 billion price tag. The offer was the third such attempt by Cintas Corporation. The previous two offers had come in January when it had launched a $5.3 billion hostile takeover attempt. Back then, Cintas Corporation had revealed that it had first approached UniFirst for an acquisition offer in 2022 and then attempted to initiate discussions again in November 2024. The January bid had seen Cintas make a $275 per share offer for UniFirst. RBC Capital kept a $206 share price target and a Sector Perform rating for Cintas Corporation’s shares on December 23rd. The firm pointed out that the uniform company can maintain double-digit earnings growth margins of up to 35%. Cramer briefly discussed the deal and commented that it was part of a growing trend in dealmaking under the Trump Administration:
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“Look we have Cintas today, going back, taking another bite, at UniFirst. These are uniform companies getting together. This is what I expect. Is it going to be wild west? No I think it’s going to be really exciting.”
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This article is originally published at Insider Monkey.
