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Jim Cramer Breaks Down Why Arbitrageurs Are Making Cintas Corporation Stock A Great Buy
Jim Cramer highlighted Cintas Corporation (NASDAQ:CTAS) as a buying opportunity due to arbitrageurs pushing the stock down following its merger agreement with UniFirst. Cramer noted that Cintas, a well-run company providing uniforms and first-aid equipment, is acquiring its chief rival, UniFirst, in a deal involving both cash and stock. He believes the stock portion of the deal is causing a temporary dip, making Cintas stock “way too cheap” and a great buy when the deal closes.