StoneMor (STON) Announces Receipt of Going Private Proposal

  • May 28, 2020

POTENTIAL DEAL DETAILS

StockStoneMor Inc.SymbolSTON
Date Announced05/27/2020Source Press Release
TypeUnsolicited BidAcquiring 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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