FTCR Requests Additional Information Regarding Service Corp / Stewart Enterprises Merger

Service Corporation International SCI ("SCI") and Stewart Enterprises, Inc. STEI ("Stewart") today announced that they have each received a request for additional information from the Federal Trade Commission ("FTC") in connection with its review of SCI's pending acquisition of Stewart. These FTC requests, commonly referred to as the "second request," were anticipated by SCI and Stewart. They extend the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until the 30th day after substantial compliance by SCI and Stewart with the requests, unless that period is extended voluntarily by the parties or terminated sooner by the FTC. SCI and Stewart intend to continue to work with the FTC and to respond promptly to the request. The companies continue to believe that the pending acquisition will be completed in late 2013 or early 2014. See full press release