Dignity PLC is another company in the UK cremation market.
Dignity offers its customers crematories, funeral home services, and funeral planning through its subsidiaries. The funeral home company has been around since 1812 and is based in Sutton Cofield. It has about 776 funeral locations in the UK.
Recently, Dignity agreed to be bought for $349 million by a group led by Castelnaur, SPWONE V Ltd, and Pheanix Asset Management Partners. With this change, the price of Dignity shares has come back from the 22% drop in 2022.
The company thinks that the buyout will give it the money it needs to buy some other businesses. Even though Dignity will soon be sold to a private company, the good news is that existing shareholders will have the chance to keep their investments in the company.
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They can do this through the publicly traded company Castelnau or through Valderrama, another company that is the parent of Yellow(SPC) Bidco Ltd that is not publicly traded.