March 9, 2018 / 9:34 PM / 9 months ago

BRIEF-Axar Capital Reports 17.5 Pct Stake In Stonemor Partners

March 9 (Reuters) - Axar Capital Management:

* AXAR CAPITAL MANAGEMENT REPORTS 17.5 PERCENT STAKE IN STONEMOR PARTNERS LP AS OF MARCH 9 - SEC FILING

* AXAR CAPITAL - INTEND TO PURSUE TALKS WITH STONEMOR REGARDING CONVERTING CO’S STRUCTURE FROM MASTER LIMITED PARTNERSHIP INTO A SUBCHAPTER C CORP

* AXAR CAPITAL - CONVERSION OF STONEMOR INTO SUBCHAPTER C WOULD IMPROVE CO'S OPPORTUNITIES FOR CAPITAL RAISING AND OTHER STRATEGIC TRANSACTIONS Source text: (bit.ly/2FuKxlf)

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