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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.

Full Content: Bloomberg

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