Service Corporation International trouble Purchasing Keystone?|yourfuneralguy

7 Mar

The World’s largest Funeral Corporation is having trouble purchasing Keystone North America,  the 5th largest funeral corporation.

Funeral home operator Service Corporation International desires to acquire Keystone North America Inc.

The Houston company has extended  the acquisition  date of Tampa-based Keystone.

The new date is March 19.

As of March 1, Service Corp. (NYSE: SCI) increased its offer by 7 cents per share for a total of $8.07 a share. That  raised the purchase price to nearly $260 million from the initial proposed offer of $256 million.

Last month, the acquisition date was extended to  Feb. 26, 2010.

Because of the purchase dates push backs, there are questions on this deal.

Service Corporation International is the world’s largest funeral corporation and it wants to become bigger. It is also has a history of perpetual funeral Scandal.

Funeral Industry|Funeral News by yourfuneralguy


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