|Bid||3.4200 x 27000|
|Ask||3.4300 x 34100|
|Day's Range||3.4100 - 3.4400|
|52 Week Range||1.8300 - 3.4500|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 04, 2017|
|1y Target Est||N/A|
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Shares of StoneMor (NYSE: STON) soared 50% on Wednesday after the owner and operator of cemeteries and funeral homes struck a deal to be acquired by Axar Capital Management. Axar is StoneMor's largest investor. The private equity firm owns roughly 75% of StoneMor's stock.
The sale price is much higher than what was offered in September 2020, when the two sides terminated a proposed sale after not being able to reach an agreement on terms.
With us on the call this afternoon are Joe Redling, president and chief executive officer, and Jeffrey DiGiovanni, senior vice president and chief financial officer. Before we begin, as usual, I would like to remind everyone that this conference call will include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address operating performance, events or developments that we expect or anticipate to occur in the future are forward-looking statements.