A PYMNTS Company

US: Five years later, funeral home operator revives rival buyout

By  |  May 29, 2013

Five years after its initial buyout attempt failed, funeral home and cemetery operator Service Corp. International has revived its efforts to acquire rival Stewart Enterprises Inc. In a deal valued at $1.4 billion – $13.25 per share – the merger has already seen approval from the boards of both parties. Service Corp. had attempted the same buyout for $11 a share in 2008 but the plans were abandoned after the two could not agree on financial terms of the acquisition. Stewart Enterprises has stood for more than a century and runs funeral homes in 24 US states.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.