StoneMor Inc

NYSE:STON  
3.45
+0.02 (+0.73%)
Mergers / Acquisitions

StoneMor Enters Agreement To Be Acquired By Axar Capital Management LP

Published: 05/25/2022 13:14 GMT
StoneMor Inc (STON) - Stonemor Inc. Enters Into Agreement to Be Acquired by Axar Capital Management, Lp.
Stonemor Inc - Axar Currently Owns Approximately 75% of Outstanding Shares of Stonemor Common Stock.
Stonemor Inc - Subsidiary of Axar Capital Will Be Merged With and Into Stonemor and All Outstanding Shares of Stonemor Common Stock Not Owned by Axar.
Stonemor - Deal Involves Stock Not Owned by Axar As to Which Dissenters' Rights Are Not Perfected Will Be Converted Into Right to Get $3.50 in Cash/share.