FTC to Sue to Block Cintas-UniFirst Deal, Semafor Reports
Semafor reports that the FTC plans to sue to block the Cintas-UniFirst deal.
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04:33:13 PM UTC
SquawkNews
The Federal Trade Commission has indicated to uniform rental firm Cintas NASDAQ:CTAS that it will sue to block its proposed $5.5 billion acquisition of rival UniFirst NYSE:UNF, Semafor reported on Tuesday, citing people familiar with the matter.The FTC has not yet voted on whether to sue, but its s…