The company is to be taken private by a consortium of existing investors following a squeeze on profitability over several years.
Dignity, the UK's largest listed funeral provider, has agreed to be taken over in a deal valuing it at £281m.
Dignity, which operates from more than 700 locations but is behind the Co-op in terms of market share, has seen its profits squeezed in recent years by a growing preference among consumers for cheap, no-frills funerals. The terms represented a premium of 29.3% to the 3 January closing price of 425.5p before the offer period commenced.
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