Cintas Corp
CTAS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| J!q | LOCK|%?R | LOCK|Q<F>j<@R |
Cintas: FTC Threat on UniFirst Bid Is Real, but Market Reaction Looks Larger Than Damage to Cintas
On Oct. 27, Federal Trade Commission staff signaled they will recommend suing to stop Cintas' $5.5 billion acquisition of UniFirst over market-share concerns. However, the commission has not voted, and the FTC itself said it has not made a final decision. Cintas' shares fell nearly 5% on the news.
