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

  • September 28, 2021

POTENTIAL DEAL DETAILS

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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.