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Business Services & Equipment M&A image Business Services & Equipment M&A » By The Online Investor Staff, updated Wed., May. 1, 10:51 PM Recent mergers and acquisitions in the Business Services & Equipment M&A category.

Slide #24. Shred-it International Inc. Cintas' Document Shredding Business

Acquirer: Shred-it International Inc.
Acquiree: Cintas' Document Shredding Business (NASDAQ:CTAS)
Details: Shred-it International Inc. ("Shred-it") today announced that it will combine with the document destruction business of Cintas Corporation ("Cintas") (NASDAQ:CTAS) to create a newly formed company that will operate under the name Shred-it. The combined company will be 58% owned by the existing shareholders of Shred-it, and 42% owned by Cintas.



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Company Name:  Cintas Corporation
Stock buyback:  CTAS buyback
Website:  www.cintas.com
Sector:  Business Services & Equipment
Number of ETFs Holding CTAS:  116
Total Market Value Held by ETFs:  $10.85B
Total Market Capitalization:  $67.56B
% of Market Cap. Held by ETFs:  16.06%
 

Open the CTAS Page at The Online Investor (in a new window) »

May 1, 2024    10:51 PM Eastern
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Buy (3.06 out of 4)
33rd percentile
(ranked lower than approx. 67% of all stocks covered)

Analysts' Target Price:
CTAS Stock Forecast

Based on Zacks ABR data;
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