Service Corporation International (SCI) announced that its wholly-owned subsidiary, SCI Alliance Acquisition Corporation, has extended the expiry time of its offer to purchase all of the issued and outstanding common shares in the capital of Keystone North America Inc (KNA.TO). The expiry time of the Offer has been extended from February 1, 2010 to February 26, 2010. 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.
On 15th October 2009, Service Corp. International said it signed a definitive agreement to purchase all the outstanding common shares of Keystone North America Inc, a provider of death-care products and services, for about $256 million including outstanding debt.
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