Thursday, June 6, 2013

Stewart Enterprises (STEI) To Be Acquired

Stewart Enterprises (STEI) announced, on 02013.05.29 (a week ago) that it was being acquired by Service Corp. Intl. for $13.25 a share. It appears as though numerous shareholders are not happy with this news. Here are three example headlines: SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Stewart Enterprises, Inc. and Attention STEI Shareholders: The Proposed Acquisition of Stewart Enterprises Inc by Service Corporation International Under Investigation by The Young Law Firm and Stewart Enterprises, Inc. Stockholders Seeking More Money, Information in Buyout Should Contact Deans & Lyons Law Firm. I've always joked that I would either die a STEI shareholder or be a STEI shareholder when the company went belly up. Our STEI investment is minimal; therefore, I'm indifferent with respect to this transaction.

No comments:

Post a Comment