UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 46)
CNA FINANCIAL CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
126117 10 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) 521-2920
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 20, 1999
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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(e), 13d-1(f) or 13d-1(g), check the following box
____.
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/A
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CUSIP No. 5420424-10-8
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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 157,645,380
SHARES
BENEFICIALLY ----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 157,645,380
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,645,380
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
85.58%
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14 TYPE OF REPORTING PERSON
HC
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Page 2
AMENDMENT NO. 46
to
SCHEDULE 13D
Relating to
CNA FINANCIAL CORPROATION
The following information amends and supplements certain information contained
in the Schedule 13D of Loews Corporation, a Delaware corporation ("Loews"), as
amended and restated, by Amendments Nos. 1 through 45 thereto, relating to the
common stock, par value $2.50 per share (the "Common Stock"), of CNA Financial
Corporation, a Delaware corporation ("CNA").
Item 5. Interest in Securities of the Issuer
------------------------------------
Item 5 is amended by adding the following:
"Since the filing of Amendment No. 45 to this Schedule 13D through July 20,
1999, Loews has purchased approximately 1,857,300 shares of the Common Stock of
CNA (after giving effect to a 3-for-1 stock split of CNA Common Stock effected
by CNA on May 6, 1998). As a result of these purchases, Loews owns beneficially
and of record an aggregate of 157,645,380 shares of the Common Stock, which
constitutes approximately 85.58% of the total number of shares outstanding. The
Reporting Person has sole voting and investment power with respect to such
shares of Common Stock.
"The table set forth below contains information regarding purchases of Common
Stock by Loews in the past 60 days. All such purchases were effected on the New
York Stock Exchange."
Number of Shares
Date Purchased Price per Share
---- ---------------- ---------------
7/16/99 10,000 $ 38.438
7/16/99 50,000 38.375
7/20/99 56,600 38.125
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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
By: /s/ Barry Hirsch
-------------------------
Barry Hirsch,
Senior Vice President &
Secretary
Dated: July 22, 1999
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