JPMorgan Downgrades G&K Services Inc. (GK) to Neutral
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Cintas Corp. (CTAS) to Acquire G&K Services (GK) for $97.50/Share
August 16, 2016 8:32 AM EDT(Updated - August 16, 2016 8:32 AM EDT)
Cintas Corp. (NASDAQ: CTAS) and G&K Services, Inc. (Nasdaq: GK) today announced that they have entered into a definitive agreement under which Cintas will acquire all outstanding shares of G&K Services for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired net debt. The purchase price represents a premium of about 19 percent to the closing price per... More
