Stonemor inc. announces receipt of letter inviting discussions regarding strategic alternatives

Bensalem, pa., sept. 27, 2021 (globe newswire) -- stonemor inc. (nyse: ston) (“stonemor” or the “company”) , a leading owner and operator of cemeteries and funeral homes, announced today that its board of directors (the “ board ”) has received a letter (the “ letter ”), dated september 22, 2021, from axar capital management, lp (“ axar ”) in which axar expressed an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the company and its various stakeholders.
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