23 Dec 2013 Cases

SCI Acquisition of Stewart

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Compass Lexecon economist David Weiskopf was retained by Mark Cunningham and David Radlauer of Jones Walker LLP to conduct economic analyses related to the proposed acquisition by Service Corporation International (SCI) of Stewart Enterprises, Inc. (Stewart) in the funeral and cemetery goods and services industry. Dr. Weiskopf was supported by a Compass Lexecon team based in Washington, D.C. that included Loren Smith, Bo Bourke, Maya Joyce, and GT Wrobel. Dr. Weiskopf worked closely with counsel from Jones Walker LLP, as well as with Stewart, SCI and its advisors, in performing various economic analyses. Dr. Weiskopf and the Compass Lexecon team also collaborated extensively with counsel for Jones Walker LLP and Stewart in preparing materials in response to the U.S. Federal Trade Commission’s (FTC) second request for additional information. Ultimately, in late December 2013, the FTC closed its investigation and approved the transaction subject to a divestiture of assets acceptable to the two parties.

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