Stonemor announces completion of merger with axar affiliate

Bensalem, pa., nov. 03, 2022 (globe newswire) -- stonemor inc. (nyse: ston) (“stonemor” or the “company”) , a leading owner and operator of cemeteries and funeral homes, today announced the completion of the merger contemplated by the previously announced agreement and plan of merger (the “merger agreement”), dated as of may 24, 2022, by and among the company, axar cemetery parent corp. (“parent”), a delaware corporation and an indirect wholly-owned subsidiary of axar capital management, lp (“axar”), and axar cemetery merger corp., a delaware corporation and a wholly-owned subsidiary of parent (“merger sub”), pursuant to which merger sub was merged with and into the company (the “merger”), with the company surviving the merger as the surviving corporation (the “surviving corporation”) and becoming a wholly-owned subsidiary of parent.
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