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StoneMor (STON) Announces Receipt of Letter Inviting Discussions Regarding Strategic Alternatives

  • September 28, 2021


StockStoneMor Inc.SymbolSTON
Date Announced09/27/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Axar Capital Management, LP
Date of Confirmation: 05/25/2022Price at Confirmation: $3.42
Potential Profit: 44.30%Annualized Profit: 67.38%

StoneMor Inc. (STON), a leading owner and operator of cemeteries and funeral homes, announced that its board of directors has received a letter, dated September 22, 2021, from Axar Capital Management, LP in which Axar expressed an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.

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