G&K Services, Inc. (NASDAQ:GK) Files An 8-K Other EventsItem 8.01 Other Events
As previously reported, on August 16, 2016, G&K Services, Inc. (the “Company”) announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Cintas Corporation (“Cintas”), and Bravo Merger Sub, Inc., a wholly owned subsidiary of Cintas (“Merger Sub”), providing for the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of Cintas. As disclosed at that time, the Merger is subject to the satisfaction or waiver of certain conditions, including, without limitation, the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), and the requisite approval from the Competition Bureau of Canada (the “CCB”) to the Canada Competition Act (the “Competition Act”) being obtained.
On March 14, 2017, the Company received unconditional clearance from the Federal Trade Commission under the HSR Act to proceed with the Merger.
On March 16, 2017, the Company received the requisite approval from the CCB to the Competition Act.
The Company expects the consummation of the Merger to occur no later than March 21, 2017.
About G&K Services, Inc. (NASDAQ:GK)
G&K Services, Inc. is a service-focused provider of branded uniform and facility services programs. The Company provides a range of workwear and protective safety apparel through rental and direct purchase programs. The Company also supplies various facility products and services, including floor mats, towels, mops, restroom hygiene products, and first aid supplies. It also manufactures certain work apparel garments that are used to support its garment rental and direct purchase programs. It operates in two segments: United States (includes the Dominican Republic) and Canada. The Company operated from approximately 160 locations, as of July 2, 2016. The Company serves a diverse base of customer locations in various industries, including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, retail, restaurants, construction and trades, hospitality, government, healthcare and others. G&K Services, Inc. (NASDAQ:GK) Recent Trading Information
G&K Services, Inc. (NASDAQ:GK) closed its last trading session up +2.71 at 97.48 with 104,731 shares trading hands.