Stewart Enterprises, Inc. Shareholders Approve Merger Agreement
13 Août 2013 - 10:15PM
Stewart Enterprises, Inc. (Nasdaq:STEI) reported today that its
shareholders have approved the Agreement and Plan of Merger, dated
as of May 28, 2013, by and among Service Corporation International,
Rio Acquisition Corp. and Stewart Enterprises, Inc. with over 99
percent of votes cast in favor of the proposal, which represents
over 83 percent of total voting power. The vote took place at a
special meeting of shareholders held today.
Founded in 1910, Stewart Enterprises, Inc. is the second largest
provider of products and services in the death care industry in the
United States, currently owning and operating 217 funeral homes and
141 cemeteries. Through its subsidiaries, the Company provides a
complete range of funeral and cremation merchandise and services,
along with cemetery property, merchandise and services, both at the
time of need and on a preneed basis.
CONTACT: Lewis J. Derbes, Jr.
Stewart Enterprises, Inc.
1333 S. Clearview Parkway
Jefferson, LA 70121
504-729-1400
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