FTC Seeks Details on $1.4B Deal Merging Funeral Giants

Law360, New York (July 18, 2013, 1:01 PM EDT) -- The Federal Trade Commission wants more information on Texas-based Service Corp. International's proposed $1.4 billion acquisition of Stewart Enterprises Inc., the companies said Wednesday, a request that comes amid criticism that the deal between the rival funeral homes would squelch competition.

The FTC has issued a second request for additional information surrounding the deal, which was announced in May and would significantly boost the number of locations between the combined companies. SCI and Stewart representatives indicated on Thursday that the agency's request didn't come as a...
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