Park Lawn falls on acquiring funeral home business in Ontario

Park Lawn

01/10/2021 18:20

** Shares in funeral services provider Park Lawn  PLC.TO 
fall 1.7% to C$35.90
    ** Park Lawn says it has acquired the assets of Malcolm,
Deavitt & Binhammer Funeral Home, a funeral home business,
expanding its presence in Ontario  urn:newsml:reuters.com:*:nCNWz3HR1a
    ** PLC says it funded the deal from cash on hand, without
providing a deal value
    ** PLC bought https://bit.ly/3uxxcmr several funeral homes
and cemeteries in Wisconsin, North Carolina, and Tennessee in
the second quarter
    ** CEO James Bradley Green said on a mid-August earnings
call PLC had deployed $75 million in acquisitions since the
start of the year, adding it was continuing to grow by
acquisitions  urn:newsml:reuters.com:*:nTRN7qj2JX
    ** PLC shares up about 28% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))