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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) November 3, 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 (Commission File (IRS Employer
of incorporation) Number) 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
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Exhibit 99 The Loewen Group Inc. Press Release dated November 3,
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: November 3, 1996
THE LOEWEN GROUP INC.
By: /S/ PETER S. HYNDMAN
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Name: Peter S. Hyndman
Title: Corporate Secretary
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EXHIBIT INDEX
Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated November 3, 1996
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EXHIBIT 99
Contacts: David A. Laundy
The Loewen Group Inc.
(604) 293-7857
Chris Tofalli
Broadgate Consultants, Inc.
(212) 229-2236
(TT) 914-833-0398
FOR IMMEDIATE RELEASE
LOEWEN GROUP CONTINUES RECORD ACQUISITION MOMENTUM
OVER $50 MILLION OF ACQUISITIONS SIGNED IN CONJUNCTION WITH INDUSTRY CONFERENCE
VANCOUVER, November 3, 1996 -- The Loewen Group Inc. (NYSE, TSE, ME: LWN)
announced that it has signed acquisition agreements totaling more than $50
million in conjunction with the annual National Funeral Directors Association
(NFDA) conference held recently in Cincinnati.
The aggregate value of acquisitions Loewen has signed or
closed since the launch of Service Corporation International's (SCI) hostile
takeover bid is approximately US$150 million.
Acquisitions either signed or closed year-to-date by Loewen
totals approximately US$760 million, excluding Loewen's investments with The
Blackstone Group to acquire Prime Succession Inc. and Rose Hills Memorial Park
Association, two of the most prized assets in the industry for US$295 million
and US$240 million, respectively.
"We are the preferred acquirer in our industry in North
America," said Raymond L. Loewen, chairman of the Board and chief executive
officer of the Loewen Group. "Our management culture and values are key to our
acquisition momentum. Our primary corporate focus remains clear: to actively
pursue the acquisition of properties that will allow us to enhance our
long-term shareholder value."
With offices in Vancouver, Cincinnati, and Philadelphia, The
Loewen Group employs over 13,000 people. More than 90 percent of the Company's
revenue is generated in the United States.
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