We are advising Cintas on the proposed acquisition

Davis Polk is advising Cintas Corporation on its proposal to the board of directors of UniFirst Corporation to acquire all outstanding common and Class B shares of UniFirst for $275.00 per share in cash, representing an implied enterprise value of $5.3 billion. Completion of the contemplated transaction is contingent upon reaching a definitive agreement and would be subject to the satisfaction of customary closing conditions, including receipt of UniFirst shareholder and required regulatory approvals.

Headquartered in Cincinnati, Ohio, Cintas provides a comprehensive range of products and services, including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm services, ensuring its clients’ facilities and employees are clean, safe and at their best.

Headquartered in Wilmington, Massachusetts, UniFirst is a North American leader in the supply and servicing of uniform and workwear programs and facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, UniFirst also manages specialized garment programs for the cleanroom and nuclear industries.

The Davis Polk corporate team includes partner James P. Dougherty and associate Ryan Olson. Partner Hillary A. Coleman and associate Julia Hirschberg are providing capital markets advice. Partners Arthur J. Burke and Howard Shelanski, counsel Nathan Kiratzis and associate Anna M. Kozlowski are providing antitrust and competition advice. Partner Ethan R. Goldman is providing tax advice. Partner Jennifer S. Conway is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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