WAYNE, Pa., May 30, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/stei) is investigating potential claims against the board of directors of Stewart Enterprises Inc. ("Steward Enterprises" or the "Company") (NASDAQ: STEI) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Service Corp. International in deal valued at approximately $1.13 billion.
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Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Steward Enterprises. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/stei.
Under the terms of the transaction, Stewart Enterprises shareholders will receive $13.25 for each share of Stewart Enterprises stock they own.
If you own shares of Stewart Enterprises and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/stei. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
www.rmclasslaw.com/cases/stei
rmaniskas@rmclasslaw.com
SOURCE Ryan & Maniskas, LLP