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Fly News Breaks for August 19, 2016
CTAS
Aug 19, 2016 | 07:34 EDT
Oppenheimer analyst Scott Schneeberger views the "opportunistic" acquisition of G&K Services by Cintas favorably, and anticipates a "smooth" multiyear integration. The analyst expects the acquisition to provide sourcing efficiencies, access to additional processing capacity, increased route density, corporate overhead efficiencies and potential cross selling opportunities. The analyst reiterates a Perform rating on Cintas' shares, with an "incrementally favorable perspective."
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