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Park Lawn Corporation Responds to Market Rumours Regarding a Potential Acquisition of Carriage Services, Inc.
TORONTO, ONTARIO (June 29, 2023) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn”, “PLC”, or the “Company”) today confirmed, in response to industry media rumors, that it has submitted a preliminary all cash proposal to the Board of Directors of Carriage Services, Inc. (NYSE: CSV) (“Carriage”) to purchase all of the outstanding stock of Carriage. The proposal was made confidentially and subject to the completion of satisfactory due diligence and the negotiation and execution of a mutually satisfactory definitive acquisition agreement. The Company takes a disciplined approach to acquisitions with clearly defined strategic and financial criteria, and is committed to maintaining a prudent capital structure. Park Lawn has partnered with a large private equity firm and does not anticipate