Alderwoods Group, Inc.
NASDAQ : AWGI

Alderwoods Group, Inc.

April 04, 2006 16:54 ET

Alderwoods Group Postpones Annual Meeting of Shareholders

CINCINNATI, OHIO--(CCNMatthews - April 4, 2006) - Alderwoods Group, Inc. (NASDAQ:AWGI) today announced that it is postponing its annual meeting of shareholders previously scheduled for April 27, 2006, to allow time to provide shareholders with information about the recently announced merger agreement entered into by the Company and Service Corporation International (SCI) of Houston, Texas, under which SCI will acquire all of the outstanding shares of Alderwoods. At the rescheduled meeting, in addition to any other proposals to be considered, the Company's shareholders will be asked to vote on a proposal to adopt the merger agreement.

The combined annual and special meeting of shareholders will be convened at a time and location to be determined, and the Board of Directors will set a new record date for this meeting. Proper notice of this rescheduled meeting will be provided to all Company shareholders of record as of the new record date.

Additional Information About the Transaction

In connection with the proposed transaction, Alderwoods will file a proxy statement with the SEC. INVESTORS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. You will be able to obtain the proxy statement, as well as other filings containing information about Alderwoods and SCI, free of charge, at the website maintained by the SEC at www.sec.gov. Copies of the proxy statement and other filings made by the Company with the SEC can also be obtained, free of charge, by directing a request to Alderwoods Group, Inc., 311 Elm Street, Suite 1000, Cincinnati, Ohio 45202, Attention: Corporate Secretary. Filings made by SCI with the SEC can also be obtained, free of charge, by directing a request to Service Corporation International, 1929 Allen Parkway, Houston, Texas 77019, Attention: Corporate Secretary.

Participants in the Solicitation

The directors and executive officers of Alderwoods and SCI and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Alderwoods' directors and executive officers is available in its annual proxy statement filed with the SEC on April 5, 2005. Information regarding SCI's directors and executive officers is available in its annual proxy statement filed with the SEC on April 18, 2005. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Investors should read the proxy statement carefully when it becomes available before making any voting or investment decisions.

Contact Information

  • Alderwoods Group, Inc.
    Kenneth A. Sloan
    Executive Vice President, Chief Financial Officer
    (416) 498-2455
    (416) 498-2449 (FAX)
    ken.sloan@alderwoods.com