Simpson Thacher is representing J.P. Morgan in its role as financial advisor to Service Corp International (“SCI”) in its acquisition of Stewart Enterprises, Inc. (“STEI”) in a transaction valued at approximately $1.4 billion. Under the terms of the merger agreement, holders of STEI’s Class A and Class B common stock will receive $13.25 in cash for each share of common stock they hold.
The transaction will combine the two leading providers of funeral and cemetery services in the United States. SCI is North America’s largest provider of deathcare products and services. STEI is the second largest provider of products and services in the death care industry in the United States.
The Simpson Thacher team includes Caroline Gottschalk and Adam Glenn (M&A).
