Edition:
United States

G&K Services Inc (GK.OQ)

GK.OQ on NASDAQ Stock Exchange Global Select Market

96.44USD
10:44am EDT
Change (% chg)

$0.04 (+0.04%)
Prev Close
$96.40
Open
$96.20
Day's High
$96.44
Day's Low
$96.19
Volume
6,388
Avg. Vol
71,039
52-wk High
$97.79
52-wk Low
$52.18

Latest Key Developments (Source: Significant Developments)

Magnetar Financial reports 5.26 pct stake in G&K Services
Monday, 19 Sep 2016 10:18am EDT 

G&K Services Inc :Magnetar Financial LLC reports 5.26 percent stake in G&K Services Inc as of sept 8 - Sec filing.  Full Article

G&K Services says termination fee under some conditions is $60 mln
Tuesday, 16 Aug 2016 05:54pm EDT 

G&K Services : If deal is terminated due to failure to obtain antitrust approval, then Cintas to pay G&K Services a termination fee of $100 million .In deal is terminated under specified circumstances, G&K Services to pay Cintas a termination fee of $60 million - sec filing.  Full Article

G&K Services may be required to pay cintas termination fee of $60 mln on termination of deal
Tuesday, 16 Aug 2016 09:08am EDT 

G&K Services Inc : In connection with termination of deal under specified circumstances, co may be required to pay Cintas termination fee of $60 million .Under some other specified circumstances, Cintas may be required to pay co termination fee of $100 million - SEC filing.  Full Article

G&K Services agrees to be acquired by Cintas in $2.2 bln deal
Tuesday, 16 Aug 2016 08:35am EDT 

G&K Services : Announces Agreement To Be Acquired By Cintas In $2.2 Billion All Cash transaction; reports record fiscal 2016 fourth quarter results . Has also suspended any prior guidance provided as a result of transaction announcement . In light of announced agreement with Cintas, G&K services has cancelled its fiscal Q4 2016 conference call . Q4 earnings per share $1.00 . Q4 revenue $258.5 million versus I/B/E/S view $257.8 million .Q4 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.  Full Article

G&K Services Inc declares regular cash dividend
Tuesday, 3 May 2016 07:00am EDT 

G&K Services Inc:Board of Directors has declared a quarterly dividend of $0.37 per share.Dividend will be payable on June 17, 2016 to shareholders of record date as on June 2.  Full Article

G&K Services declares regular cash dividend
Friday, 5 Feb 2016 07:00am EST 

G&K Services Inc:Declares a quarterly dividend of $0.37 per share.Dividend will be payable on March 18, 2016 to shareholders of record at the close of business on March 3, 2016.  Full Article

G&K Services Inc narrows FY 2016 guidance
Tuesday, 26 Jan 2016 07:00am EST 

G&K Services Inc:Says that due to continuing decline in value of the Canadian dollar, the company has narrowed its FY 2016 guidance.Says the company now expects FY 2016 revenue in the range of $975 million to $990 million and FY 2016 diluted earnings per share between $3.50 and $3.60.Says this compares to previously announced guidance of revenue between $975 million to $1 billion and earnings of $3.50 to $3.70 per diluted share.Says negative impact from foreign currency exchange is now expected to reduce full year revenue by about 2.5 percent compared to fiscal 2015 and reduce full year earnings by about $0.16 per diluted share.  Full Article

G&K Services Inc declares regular cash dividend
Thursday, 5 Nov 2015 07:00am EST 

G&K Services Inc:Declared a quarterly dividend of $0.37 per share.Payable on December 18 to shareholders of record date as on December 2.  Full Article

G&K Services Inc gives FY 2016 guidance in line with analysts' estimates
Thursday, 13 Aug 2015 07:00am EDT 

G&K Services Inc:Expects FY 2016 revenue in the range of $975 million to $1 billion.Expects FY 2016 diluted earnings per share between $3.50 and $3.70.FY 2016 revenue of $983 million and EPS of $3.58 - Thomson Reuters I/B/E/S.  Full Article

G&K Services Inc increase in regular quarterly dividend
Thursday, 13 Aug 2015 07:00am EDT 

G&K Services Inc:Says 19 pct increase in regular quarterly dividend, to $0.37 per share.  Full Article

BRIEF-Magnetar Financial reports 5.26 pct stake in G&K Services

* Magnetar Financial LLC reports 5.26 percent stake in G&K Services Inc as of sept 8 - Sec filing Source text : http://bit.ly/2cWx0WF Further company coverage: