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Article: BOARDS OF SERVICE CORPORATION INTERNATIONAL AND SCI CANADA APPROVE AMALGAMATION TRANSACTION
- Article from:
- PR Newswire
- Article date:
- July 19, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, July 19 /PRNewswire/ -- Service Corporation International (NYSE: SRV) ("SCI") and Service Corporation International (Canada) Limited ("SCI Canada") jointly announced today that their boards of directors have accepted the recommendations of their respective special committees and have approved a transaction under which SCI will acquire the shares of SCI Canada not already owned by SCI. Under the terms of the transaction, SCI Canada will amalgamate with a wholly-owned subsidiary of SCI. Following the amalgamation, the shares held by minority shareholders of SCI Canada (including holders of stock options of SCI Canada who elect to exercise their options to acquire ...