Rigrodsky & Long, P.A. Announces Investigation Of Stewart Enterprises, Inc.
Service Corporation International offers $13.25 per share to Stewart
WILMINGTON, Del., June 17, 2013
WILMINGTON, Del., June 17, 2013 /PRNewswire/ --Rigrodsky & Long, P.A.:
oDo you own shares of Stewart Enterprises, Inc. (NASDAQ GS: STEI)?
oDid you purchase any of your shares prior to May 29, 2013?
oDo you think the proposed buyout price is too low?
oDo you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Stewart Enterprises, Inc. ("Stewart"
or the "Company") (NASDAQ GS: STEI) regarding possible breaches of fiduciary
duties and other violations of law related to the Company's entry into an
agreement to be acquired by Service Corporation International ("SCI") (NYSE:
SCI) in a transaction valued at approximately $1.4 billion.
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Under the terms of the agreement, public shareholders of Stewart will receive
$13.25 per share in cash for each share of Stewart they own.
The investigation concerns whether Stewart's board of directors failed to
adequately shop the Company and obtain the best possible value for Stewart's
shareholders before entering into an agreement with SCI.
If you own the common stock of Stewart and purchased your shares before May
29, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
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