Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / STON - StoneMor gains after filing shows Axar Capital is prohibited from takeout offer


STON - StoneMor gains after filing shows Axar Capital is prohibited from takeout offer

StoneMor (STON) rose 13% after a filing showed that Axar Capital Management isn't allowed to purchase more shares of the funeral company after it previously tried to acquire the company.Axar Capital now has a 75% stake in StoneMor, according to a 13D filing.Axar Capital was hit with a lawsuit in December that claimed it tried to use Covid "as an excuse" to take StoneMor private "at a bargain price," according to a Bloomberg report.Last month, StoneMor inked an asset purchase agreement to acquire four cemeteries.

For further details see:

StoneMor gains after filing shows Axar Capital is prohibited from takeout offer
Stock Information

Company Name: StoneMor Partners L.P. Rep Limited Partnership Interests
Stock Symbol: STON
Market: NYSE
Website: stonemor.com

Menu

STON STON Quote STON Short STON News STON Articles STON Message Board
Get STON Alerts

News, Short Squeeze, Breakout and More Instantly...