FTC Receives Seventh Petition for Approval of Proposed Divestiture from SCI and Alderwoods Group

On March 12, the FTC received a petition from Service Corporation International (“SCI”) and Alderwoods Group, Inc. seeking approval of a proposed divestiture related to SCI’s recent acquisition of Alderwoods. In the FTC’s consent agreement and order SCI and Alderwoods were required to divest a range of funeral home and cemetery services companies. Through this petition the companies requested approval to divest Universal Chung Wah Funeral Directors of Alhambra, California (the funeral home to be divested), to New Universal Chung Wah, LLC, and Universal Chung Wah Funeral Directors, Inc. (collectively “Universal”), which are entities owned by employees of the funeral home to be divested. The FTC sought public comments on the proposed divestiture for 30 days, until April 11, 2007, after which it decided to approve it.
Robert Doyle
(202) 589-1834
rdoyle@dbmlawgroup.com