Feb 26 2010
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, announced today that its wholly-owned subsidiary, SCI Alliance Acquisition Corporation, has extended the expiry time of its offer (the "Offer") dated November 16, 2009, as amended, to purchase all of the issued and outstanding common shares (the "Keystone Shares") in the capital of Keystone North America Inc. ("Keystone"). The expiry time of the Offer has been extended from 12:00 p.m. (Eastern time) on Friday, February 26, 2010 to 3:00 p.m. (Eastern time) on Friday, March 19, 2010. In accordance with the provisions of the Offer, as of March 1, 2010, the consideration offered per Keystone Share under the Offer will be increased from $8.00 in cash by an amount equal to $0.07 in cash for total offered consideration per Keystone Share of $8.07 in cash. SCI continues to anticipate that the transaction will close in the first quarter of 2010, subject to customary closing conditions, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act.
Source:
SERVICE CORPORATION INTERNATIONAL