StoneMor Partners L.P. Common Unit Rep Limited Partnership Interests (STON) Company Bio
StoneMor Partners LP owns and operates cemeteries in the United States. It operates through Cemetery OperationsSoutheast, Cemetery OperationsNortheast, Cemetery OperationsWest, and Funeral Homes segments. The company was founded in 1999 and is based in Levittown, Pennsylvania.
In the Proposal, which was disclosed by the Company on May 27, 2020, Axar offered to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates for $0.67 per share in cash, subject to certain conditions. In its response, the Special Committee informed Axar that, after reviewing the Proposal, it has rejected the price proposed by Axar as inadequate.
According to the Proposal, the $0.67 per share price represents a premium of approximately 17% to 50-day moving average share price as of the market close on May 22, 2020. Axar currently owns approximately 52% of the Company’s outstanding common stock.
In this article we will take a look at whether hedge funds think StoneMor Inc. (NYSE:STON) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of STONEMOR INC. New York, May 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of STONEMOR INC. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.