The Federal Trade Commission has approved a proposal by the largest U.S. funeral services provider, Service Corporation International, to sell 23 funeral homes, cemeteries, and combined funeral home-cemeteries in order to resolve competition concerns raised by SCI’s acquisition of Keystone North America, Inc. Under SCI’s proposal, which was approved by the FTC following a public comment period, [...]
Posts Tagged ‘SCI’
21 Apr
SCI Employees Post Company Reviews Online…Not Good
The internet has changed the way consumers and employees interact with businesses in many drastic ways. The internet has also provided a massive space where individuals can share certain experiences and encounters with businesses. This is both good and bad for companies. It is easier now than every for a very bad customer experience to [...]
29 Mar
FTC Forcing SCI to Ditch 22 Funeral Homes and 4 Cemeteries
To preserves competition that would have been eliminated by Service Corporation International’s acquisition of Keystone North America Inc., SCI will be required to sell 22 funeral homes and four cemeteries in 19 local markets, according to the Federal Trade Commission. In the case of one property which is a combination operation, the FTC is only [...]
26 Mar
SCI Finally Gets Greenlight
Service Corporation International, which operates funeral homes and cemeteries, said Thursday it has received an early termination of a legally required waiting period on its proposed takeover of Keystone North America Inc. Last year, the companies announced an agreement for Service Corporation to buy Keystone North America for $8 per share. Service Corporation International said [...]
2 Mar
Service Corp. International Extends Keystone Deal… Again
Funeral home operator Service Corp. International really wants to buy Keystone North America Inc. The Houston company has pushed back the expiration date a second time for the acquisition of Tampa-based Keystone, also an owner and operator of funeral homes and which trades on the Toronto Stock Exchange. The new date is March 19. As [...]
10 Jan
SCI, Walmart, and Batesville Lead List of Top 10 Funeral Industry Stories of 2009
2009 wasn’t exactly a picture perfect year for the funeral industry. Marred by scandal after scandal, most press that was given to the industry was negative. Lets hope the 2010 can be a better year. 2009 also brought us another consumer driven casket competitor in Walmart, the worlds largest retailer, who is partnering with Star [...]
21 Dec
Service Corp. Extends Deadline For Keystone Shares
Funeral home and cemetery operator Service Corp. International said Friday it has extended its offer to purchase all shares of rival Keystone North America Inc. Service International said the deal, which was set to expire Dec. 22, has been extended to Feb. 1. On Oct. 15, the companies announced an agreement for Service Corporation to [...]
8 Dec
Service Corporation International Acquires Las Vegas-Based Palm Mortuaries
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, announced today that it has acquired Palm Mortuaries of Las Vegas, Nevada. Palm Mortuaries is one of North America’s premier funeral and cemetery operations, with approximately $30 million in annual revenues and whose holdings include five funeral home and [...]
4 Dec
Ten Ways the Funeral Industry Might Change
Anytime, I can find an article that is relevant and funny I always try to publish it. The following article adds some humor to possible changes in the funeral industry if certain companies got involved with the death care process. Though there is an underlying humor, I can see the possibility of some of these [...]
4 Dec
Jim Cramer of CNBC Show “Mad Money” Says No to SCI Stock
Tuesday Cramer received a rather macabre trading idea from one viewer: “In 2010, the estate tax will be completely eliminated. However in 2011, the estate tax will jump back up to 55%. With that much money on the line I am willing to bet that greed will be responsible for an abnormal number of deaths [...]
