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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 17, 1997
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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British Columbia, Canada 0-18429 98-0121376
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
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4126 Norland Avenue, Burnaby, British Columbia V5G 3S8
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-299-9321
N/A
(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 The Loewen Group Inc. Press Release dated November 17,
1997
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 17, 1997
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
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Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated November 17, 1997
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(NYSE, TSE, ME: LWN) NEWS
Investor contacts:
Paul Wagler, Senior Vice President, Finance Media Contact:
Dave Laundy, Vice President,
Dwight Hawes, Vice President, Finance Corporate Communications
The Loewen Group Inc. Tel: (604) 293-7857
THE LOEWEN GROUP INC.
FOR IMMEDIATE RELEASE
LOEWEN COMPLETES SALE OF MINORITY INTEREST
IN ARBOR MEMORIAL SERVICES INC.
VANCOUVER, BC, November 17, 1997 -- The Loewen Group Inc. announced today the
completion of its agreement to sell its minority interest in Arbor Memorial
Services Inc., an operator of funeral homes and cemeteries in Canada. The sale,
announced August 11, 1997, had been subject to Canadian regulatory approval.
As a result of the sale, the company has received gross proceeds of
approximatley US $69 million and will record a gain before taxes of
approximately US $25 million in the fourth quarter of 1997.
With corporate offices in Vancouver and Philadelphia, The Loewen Group Inc. is
the second largest and fastest
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growing funeral home and cemetery operator in North America in terms of revenues
and assets. The Company employs approximately 17,000 people and owns or operates
some 1,000 funeral homes and over 420 cemeteries across the United States and
Canada. Over 90 percent of the Company's revenue is derived from the United
States.
The Loewen Group's website is located at http://www.loewengroup.com
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