Carriage Services, Inc. shares rise 1.44% after-hours following InterRent REIT's acquisition approval.

Carriage Services, Inc. rose 1.44% in after-hours trading, following the announcement that InterRent Real Estate Investment Trust has obtained a final order for its plan of arrangement. This plan involves the acquisition of all units of the REIT by Carriage Hill Properties Acquisition Corp., a newly formed entity owned by CLV Group and GIC, for $13.55 per unit in cash. This acquisition is expected to benefit Carriage Services, Inc. as it aligns with its strategic objectives of growing funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multi-residential properties.