Stewart Enterprises, Inc. Shareholders Approve Merger Agreement
JEFFERSON, La., Aug. 13, 2013 (GLOBE NEWSWIRE) -- 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
Stewart Enterprises, Inc. Logo
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