FTC Weighs 1st Of Funeral Co.'s Divestitures In $1B Merger

Law360, New York (March 12, 2014, 3:39 PM EDT) -- After ordering Service Corp. International to shed 91 funeral homes and cemeteries to secure approval for its $1.4 billion acquisition of Stewart Enterprises Inc., the Federal Trade Commission on Wednesday began reviewing SCI's plan to divest two California properties to Angeleno Mortuaries Inc.

The FTC asked for public comment on the deal, which would send two funeral and cremation businesses in Lancaster, Calif., to Angeleno, which currently runs six facilities in the state. The two SCI operations are not close to any of Angeleno's existing mortuaries,...
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