Park Lawn (TSE:PLC) has released an update.
Park Lawn Corporation is set to go private in a $1.2 billion all-cash deal, with shareholders receiving $26.50 per share, a significant premium over the recent trading price. The company’s board, advised by a special committee and National Bank Financial, recommends shareholders approve the transaction with Homesteaders Life Company and Birch Hill Equity Partners. The move is expected to support Park Lawn’s strategic initiatives and assure long-term benefits for stakeholders.
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