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StoneMor (STON) Announces Receipt of Going Private Proposal

  • May 28, 2020


Stock StoneMor Inc. Symbol STON
Date Announced 05/27/2020 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Axar Capital Management, LP

StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, announced today that its board of directors has received an unsolicited proposal letter, dated May 24, 2020, from Axar Capital Management, LP proposing to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates in a “going-private” transaction for $0.67 per share in cash, subject to certain conditions.

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