Shares of industrial and transportation companies slipped as inflation concerns offset deal activity.
Rheinmetall shares fell even after the German contractor forecast a surge in sales to jump by as much as 45% this year as Europe continues to rearm and the German arms maker broadens its air-defense portfolio to meet growing demand for systems to counter drone attacks.
Cintas, a maker of workplace products, agreed to acquire UniFirst in a deal with an enterprise value of $5.5 billion, more than four years after it first bid for the smaller uniform supplier.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-11-26 1758ET
