FTC to Block Cintas UniFirst Deal
The Federal Trade Commission plans to sue to block the proposed 5.5 billion dollar acquisition of UniFirst by Cintas. Industry shares fell following reports of the impending antitrust challenge by regulators.
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The FTC has indicated to CINTAS CORP that it will sue to block its $5.5B acquisition of rival UNIFIRST CORP/MA, people familiar with the matter said Tuesday afternoon.
