Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Stewart Enterprises, Inc.
NEW YORK, May 29, 2013 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Stewart Enterprises, Inc. ("Stewart" or the "Company") (NasdaqGS: STEI) related to the proposed acquisition of the Company by Service Corp. International (NYSE: SCI). The transaction is valued at around $1.1 billion or $13.25 for each share of Stewart Class A and Class B stock owned.
This investigation concerns whether the Board of Directors of Stewart breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.
If you are aware of any facts relating to this investigation, or purchased shares of Stewart Enterprises, Inc., you can assist this investigation by contacting either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE Bronstein, Gewirtz & Grossman, LLC
