UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 15)
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CHAMPION INTERNATIONAL CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
15852 51 0
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(CUSIP Number)
Barry Hirsch, Senior Vice President and Secretary
Loews Corporation
667 Madison Avenue, New York, New York 10021 (212) 545-2920
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 30, 1995
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(Date of Event which Required Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box ____.
Check the following box if a fee is being paid with the statement __.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
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CUSIP No. 15852 51 0
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LOEWS CORPORATION
IRS Identification No. 13-2646102
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ /
N/A (b)/ /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) /___/
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF 9,017,800
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 43,453
EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 9,017,800
WITH ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
43,453
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,061,253
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.89%
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14 TYPE OF REPORTING PERSON*
HC
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This Amendment No. 15 to Schedule 13D filed by Loews Corporation, a Delaware
corporation, ("Loews"), relates to the Common Stock, $0.50 par value per share
(the "Shares"), of Champion International Corporation, a New York corporation
(the "Issuer"), and is being filed pursuant to Rule 13d-2 under the Securities
Exchange Act of 1934, as amended.
Item 5. Interest in Securities of the Issuer
------------------------------------
Item 5 is hereby supplemented as follows:
"On June 30, 1995 Loews sold an aggregate 5,500,000 Shares at a price of
$51.8206 per Share (net of an underwriting discount of $0.6294 per Share) to
Goldman, Sachs & Co., as underwriter (the "Underwriter") pursuant to an
Underwriting Agreement dated as of June 26, 1995 by and among Loews, the Issuer
and the Underwriter. Loews understands that the Issuer has purchased 2,000,000
of such Shares at the public offering price of $52.45 per Share.
"Accordingly as of June 30, 1995 Loews owns directly 9,017,800 Shares,
representing approximately 9.85% of the Shares outstanding (after giving effect
to the purchase by the Issuer of 2,000,000 Shares as noted above). After giving
effect to the 43,453 Shares issuable upon conversion of the $1,510,000 principal
amount of the Issuer's 6.5% Convertible Subordinated Debentures owned by a
subsidiary, as previously reported, Loews may be deemed to beneficially own an
aggregate of 9,061,253 Shares, representing approximately 9.89% of the total
number of Shares outstanding (after giving effect to the purchase by the Issuer
of 2,000,000 Shares as noted above), calculated in accordance with Regulation
13D-G."
Item 7. Material To Be Filed as Exhibits
--------------------------------
Exhibit 99.01 - Underwriting Agreement dated as of June 26, 1995 among
Champion International Corporation, Loews Corporation and Goldman, Sachs & Co.,
incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K dated
June 29, 1995 filed by Champion International Corporation (Commission File No.
1-3053).
SIGNATURE
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The undersigned certifies that after reasonable inquiry and to the best of its
knowledge and belief, the information set forth in this Statement is true,
complete and correct.
LOEWS CORPORATION
Dated: June 30, 1995 By: Guy A. Kwan
Controller
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