Stewart Enterprises Sells Canadian Operations

Stewart Enterprises, Inc., the third-largest provider of funeral homes and related services in the U.S., agreed to sell all its operations to Quebec-based Celebris Memorial Services, Inc. The sale, which closed on July 31, 2002, was structured as a share for cash transaction and the purchase price is confidential.

Celebris was represented by Lapointe Rosenstein, with a team led by Norman Issley and assisted by Danny Weinberger, Howard Levine and Norman Rishikof (commercial), Jean-Charles hare (tax), Denis Boudreault and Jeanne Fortin (finance). In Canada, Stewart was represented by Ogilvy Renault in Montreal, with a team led by Paul Raymond and Angelo Noce, and assisted by Eric Gelinas (tax), Sandro Cellucci (commercial) and Jean Setlakwe (corporate). In the U.S., Stewart was represented by Edward George of Chaffe, McCall, Phillips, Toler & Sarpy in New Orleans.