A leading owner and operator of cemeteries and funeral homes across the US broadens strategic alliance with Sympathy Brands to help provide families enhanced care throughout its cemetery locationsBENSALEM, Pa. and MIAMI, June 14, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON), a leading owner and operator of cemeteries and funeral homes in the United States, announced an expansion to its existing strategic partnership with Sympathy Brands Company (S2 Brands, Inc.), the unifying resource and
BENSALEM, Pa., June 03, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”). As previously reported, on May 24, 2022, StoneMor Inc., a Delaware corporation (“StoneMor” or the “Company”), Axar Cemetery Parent Corp (“Parent”), a Delaware corporation and an affiliate of Axar Capital Management, LP (“Axar”), and Axar Cemetery Merger Corp., a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Me
Shares of StoneMor (NYSE: STON) soared 50% on Wednesday after the owner and operator of cemeteries and funeral homes struck a deal to be acquired by Axar Capital Management. Axar is StoneMor's largest investor. The private equity firm owns roughly 75% of StoneMor's stock.