Uniform Makers UniFirst, Cintas Said to Renew Takeover Talks (2)

UniFirst Corp.is now in active discussions to be acquired by Cintas Corp., people familiar with the matter said, after years of on and off attempts at a potential deal.

The uniform-maker is engaging with Cintas after its larger rival resubmitted a $275-a-share takeover offer in December, the people said, asking not to be identified discussing confidential information.

UniFirst shares, which have consistently traded below that offer price, jumped 15% to $230.01 in New York on Tuesday, giving the company a market value of about $4.2 billion. Cintas rose 2.3% to $199.31 for a market capitalization approaching $80 ...