HOUSTON (USA) — Service Corp. International plans to buy Stewart Enterprises Inc. in a cash deal valued at about $1.13 billion that combines the two largest funeral home and cemetery operators in the United States.

 

Houston-based Service Corp. said Wednesday it will pay $13.25 for each share of Stewart, which is based in Jefferson, La. That’s a 36 percent premium over Stewart’s closing price on Tuesday.

Source - Washington Post

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