canadian cemetery crematorium and funeral home operator park lawn has made a preliminary allcash offer to buy us funeral and cemetery services company carriage services park lawn in response to media reports confirmed it made the proposal to carriage services board the offer was made confidentially and is subject to the completion of due diligence and the negotiation of a definitive deal that is mutually satisfactory the company said carriage services earlier thursday said its board had begun a process to explore possible strategic alternatives including a sale merger or other transaction park lawn didnt disclose the value of its offer for carriage services which has a market value of roughly 4188 million in premarket trading carriage services shares were 17 higher after ending the previous session at 2804 up only slightly so far this year and down 28 over the last 12 months park lawn said it takes a disciplined approach to acquisitions and there could be no assurance its proposal will result in a definitive agreement the company which operates in three canadian provinces and 19 us states earlier this week completed the acquisition of an onsite funeral home and cemetery in georgia earlier this month it agreed to buy substantially all of the assets of ward funeral home in the greater toronto area consisting of three standalone funeral homes