Cintas Says All Regulatory Consents For G&K Services Acquisition Received


Shutterstock photo

Cintas Says All Regulatory Consents For G&K Services Acquisition Received


(RTTNews.com) - Corporate uniform supplier Cintas Corp. ( CTAS ) said it has received all necessary regulatory consents relating to the acquisition of G&K Services, Inc. ( GK ), with no divestiture requirements. The transaction is expected to close on Tuesday, March 21, 2017.

G&K Services shareholders previously voted to approve the transaction at its annual meeting of shareholders held on November 15, 2016.

G&K Services is a uniforms and facility services provider with over 170,000 customers in the U.S. and Canada and with annual revenue of roughly $1.0 billion.

Following completion of the transaction, Cintas expects to serve over one million customers in the U.S. and Canada as well as have annual revenue of more than $6.0 billion.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com




This article appears in: Stocks , World Markets , Stocks
Referenced Symbols: CTAS , GK


More from RTT News

Subscribe






See headlines for CTAS

Follow on: