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Cintas Corporation Announces Agreement to Sell Shred-it Investment

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CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq:CTAS) announced that it has entered into a definitive agreement to sell its investment in Shred-it International Inc. (“Shred-it”) to Stericycle, Inc. (Nasdaq: SRCL), a global business to business compliance solutions provider specializing in complex and highly regulated arenas, for consideration of approximately $550 million to $600 million before taxes. The transaction is expected to close in the fourth quarter of 2015, subject to obtain

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