Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Elis is said to make rebuffed bid for UniFirst amid Vestis talks, Bloomberg reports

admin by admin
October 4, 2024
in Stock
0
Elis is said to make rebuffed bid for UniFirst amid Vestis talks, Bloomberg reports

(Reuters) – French workplace supplies provider Elis SA made an informal takeover proposal to U.S. peer UniFirst (NYSE:UNF) Corp, Bloomberg News reported on Thursday, citing people familiar with the matter.

Massachusetts-based UniFirst approached Elis to assess its interest in a deal after Elis’s takeover approach to rival Vestis Corp became public last month, the report added.

At the same time, Elis and Vestis are still holding exploratory talks about a potential deal, Bloomberg said.

Elis, UniFirst and Vestis did not immediately respond to requests for comment outside regular business hours.

Elis and Vestis confirmed the interest about a month ago after Reuters first reported the acquisition offer.

Elis, which has a market value of about 9.2 billion euros ($10.15 billion) including debt, is a provider of workplace supplies and offers maintenance services for uniforms.

($1 = 0.9060 euros)

This post appeared first on investing.com

Previous Post

ANZ to pay $68 million to settle two class actions

Next Post

Weather and geopolitical tensions drive price volatility in wheat, sugar, and rice

Next Post
Weather and geopolitical tensions drive price volatility in wheat, sugar, and rice

Weather and geopolitical tensions drive price volatility in wheat, sugar, and rice

Subscribe to InvestiStratix.com

    Popular News

    Trump’s tariffs create uncertainty for emerging markets as pause deadline nears

    Trump’s tariffs create uncertainty for emerging markets as pause deadline nears

    June 17, 2025
    Meta’s AI push drives stock higher: is there further upside or is the stock fully priced?

    Meta’s AI push drives stock higher: is there further upside or is the stock fully priced?

    June 17, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    June 17, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    June 16, 2025
    Uncertainties persist in base metals market regarding US-China trade deal

    Uncertainties persist in base metals market regarding US-China trade deal

    June 15, 2025

    Trending News

    Trump’s tariffs create uncertainty for emerging markets as pause deadline nears

    Trump’s tariffs create uncertainty for emerging markets as pause deadline nears

    June 17, 2025
    Meta’s AI push drives stock higher: is there further upside or is the stock fully priced?

    Meta’s AI push drives stock higher: is there further upside or is the stock fully priced?

    June 17, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      June 17, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      June 16, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved