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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 1, 1996
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
British Columbia, Canada 0-18429 98-0121376
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
4126 Norland Avenue, Burnaby, British Columbia V5G 3S8
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-299-9321
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index is on page 3
Page 1 of 4
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ITEM 5. OTHER EVENTS.
Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by
reference the press release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description
Exhibit 99-1 The Loewen Group Inc. Press Release dated October 1,
1996
Exhibit 99-2 The Loewen Group Inc. Press Release dated October 1,
1996
Exhibit 99-3 The Loewen Group Inc. Press Release dated October 2,
1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: October 2, 1996
THE LOEWEN GROUP INC.
Peter S. Hyndman
By:____________________________________
Name: Peter S. Hyndman
Title: Corporate Secretary
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EXHIBIT INDEX
Number Exhibit
99-1 The Loewen Group Inc.
Press Release dated October 1, 1996
99-2 The Loewen Group Inc.
Press Release dated October 1, 1996
99-3 The Loewen Group Inc.
Press Release dated October 2, 1996
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EXHIBIT 99.1
Stock Symbols: Investor Contacts:
Nasdaq: LWNG Paul Wagler, Senior Vice President, Finance
TSE: LWN Dwight Hawes, Vice President, Finance
ME: LWN The Loewen Group Inc.
Tel: (800) 347-7010
Media Contacts:
Dave Laundy, Vice President, Communications
The Loewen Group Inc.
Tel: (604) 293-7857
Thomas C. Franco
Broadgate Consultants, Inc.
Tel: (212) 229-2222
FOR IMMEDIATE RELEASE
FTC SEEKS INFORMATION FROM LOEWEN GROUP IN CONNECTION WITH PROBE OF SERVICE
CORPORATION PROPOSAL
____________________________________________________
VANCOUVER, October 1, 1996 -- The Loewen Group Inc. announced today that its
attorneys have been contacted by the Federal Trade Commission (FTC) in
connection with an investigation of the proposed acquisition of Loewen Group by
Service Corporation International (SCI).
According to the Company, the FTC has requested data on all of the Loewen
Group's funeral homes and cemeteries, including all properties in which the
Company has a financial interest.
The Company also noted that the FTC's request includes detailed information
about regional market overlap between Loewen Group and SCI properties,
including any properties in which either company has a financial interest.
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EXHIBIT 99.2
Stock Symbols: Investor Contacts:
Nasdaq: LWNG Paul Wagler, Senior Vice President, Finance
TSE: LWN Dwight Hawes, Vice President, Finance
ME: LWN The Loewen Group Inc.
Tel: (800) 347-7010
Media Contacts:
Dave Laundy, Vice President, Communications
The Loewen Group Inc.
Tel: (604) 293-7857
Thomas C. Franco
James O'Brien
Broadgate Consultants, Inc.
Tel: (212) 229-2222
FOR IMMEDIATE RELEASE
LOEWEN ANNOUNCES NYSE LISTING TO BE EFFECTIVE TOMORROW
____________________________________________________
VANCOUVER, October 1, 1996 -- The Loewen Group Inc. announced that effective
tomorrow its common shares will trade on the New York Stock Exchange under the
stock symbol LWN. Loewen will be one of only 52 Canadian companies listed on
the New York Stock Exchange. Loewen common shares also trade on The Toronto
Stock Exchange and the Montreal Exchange in Canada.
"Trading on the New York Stock Exchange should provide greater visibility,
liquidity and market efficiency to the institutions and individuals who have
invested in Loewen's future," said Ray Loewen, Chairman and Chief Executive
Officer. "We believe that The Loewen Group has a reputation for excellence and
fair dealing in our industry -- qualities we share with the New York Stock
Exchange -- we are pleased to be associated with one of the great names in the
U.S. financial community."
The Loewen Group Inc. listed on The Toronto Stock Exchange in 1987 and began
expanding into the U.S. that same year and listed on The Nasdaq National Market
in 1990. During the past 10 years, revenues increased from approximately $14
million in 1986 to $600 million in 1995. For the past five years, Loewen has
generated a compounded annual revenue growth rate in excess of 40 percent per
annum. More than 90 percent of the Company's revenue is
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generated in the United States.
The Company is continuing its aggressive acquisition program with the recent
announcement of US$100 million of activity in the last three weeks, including
the agreement to acquire CMS West, a western Pennsylvania-based provider of
funeral and cemetery services. Year-to-date, Loewen has signed or completed
approximately 196 acquisitions aggregating over approximately US$715 million in
transaction value, excluding its innovative investments with Blackstone Capital
Partners in Prime Succession Inc. and in Rose Hills Memorial Park, which have
transaction values of approximately US$295 million and US$240 million,
respectively.
With offices in Vancouver, Cincinnati, and Philadelphia, The Loewen Group
employs over 13,000 people.
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EXHIBIT 99.3
Stock Symbols: Investor Contacts:
NYSE: LWN Paul Wagler, Senior Vice President, Finance
TSE: LWN Dwight Hawes, Vice President, Finance
ME: LWN The Loewen Group Inc.
Tel: (800) 347-7010
Media Contacts:
Dave Laundy, Vice President, Communications
The Loewen Group Inc.
Tel: (604) 293-7857
Thomas C. Franco
Broadgate Consultants, Inc.
Tel: (212) 229-2222
FOR IMMEDIATE RELEASE
LOEWEN GROUP BOARD TO REVIEW SERVICE CORPORATION ANNOUNCEMENT
____________________________________________________
VANCOUVER, October 2, 1996 -- The Loewen Group Inc. (NYSE: LWN) announced today
that the Loewen Board of Directors will review Service Corporation
International's (SCI) October 2 announcement concerning an exchange offer and
will respond in due course.
The Company also said that it has asked its legal and financial advisors to
review SCI's announcement in light of the regulatory, industry and financial
issues raised by SCI's announcement.
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