| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Service Corp. International > News item |
S&P: Service Corp. unchanged
Standard & Poor's said its ratings on Service Corp. International Inc. (BB/stable) are not currently affected by its disclosure that its offer to acquire Stewart Enterprises Inc. (BB-/stable) and request for access to perform due diligence was rejected by Stewart's management.
At this point, the agency said that it cannot discern if Stewart's management and the board of directors will ultimately grant Service Corp access to information or accept its offer.
The disclosure states that the offer would be for at least $9.50 a share, which would be a 35% premium over the 50-day average per share closing price, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.