FTC Urged To Block $1.4B Funeral Co. Merger

Law360, New York (July 11, 2013, 6:58 PM EDT) -- A consumer group urged the Federal Trade Commission on Thursday to block Texas-based funeral home operator Service Corp. International's $1.4 billion bid for rival Stewart Enterprises Inc., warning that the deal would lead to higher prices for funeral services.

The Funeral Consumers Alliance warned the agency that the tie-up would create a massive company that would dwarf other funeral home and cemetery operators with more than 2,000 locations nationwide. The nonprofit said that SCI has been on a buying rampage in recent years, made even more...
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