UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
THE LOEWEN GROUP INC.
------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
54042L100
------------
(CUSIP Number)
May 31, 1999
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
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).
Page 1 of 6 Pages
- ------------------------- -------------------------
CUSIP No. 54042L100 13G Page 2 of 6 Pages
- ------------------------- -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canadian Imperial Bank of Commerce
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,062,125
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,062,125
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,062,125
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.6%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
CUSIP No. 54042L100 13G Page 3 of 6 Pages
- ------------------------- -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CIBC Delaware Holdings Inc.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
0
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 10,062,125
OWNED BY
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,062,125
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,062,125
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.6%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- -------------------------------------------------------------------------------
- --------------------------------------------------------- Page 4 of 6 Pages
Item 1(a): Name of Issuer:
The Loewen Group Inc. (the "Company")
Item 1(b): Address of Issuer's Principal Executive Offices:
4126 Norland Avenue
Burnaby, British Columbia V5G 358
Item 2(a) Name of Person Filing:
Canadian Imperial Bank of Commerce ("CIBC"), on its
own behalf and on behalf of its indirect wholly-
owned subsidiary, CIBC Delaware Holdings Inc., to
which ownership of the 10,062,125 shares of Common
Stock of The Loewen Group Inc. was transferred on
May 31, 1999.
Item 2(b): Address of Principal Business Office:
Canadian Imperial Bank of Commerce
Commerce Court
Toronto, Canada M5L 1A2
CIBC Delaware Holdings Inc.
425 Lexington Avenue
New York, New York 10017
Item 2(c): Citizenship:
CIBC is a bank organized under the Bank Act of
Canada. CIBC Delaware Holdings Inc. is
incorporated in the State of Delaware.
Item 2(d): Title of Class of Securities:
Common Stock
Item 2(e): CUSIP Number:
54042L100
Item 3: If this statement is filed pursuant to
Sections 240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
Not applicable.
If this statement is filed pursuant to Rule
13d-1(c), check this box. [X]
Item 4: Ownership:
(a) Amount beneficially owned: 10,062,125
shares, owned of record and beneficially as of
May 31, 1999, by CIBC Delaware Holdings Inc., an
indirect wholly-owned subsidiary of CIBC. CIBC
may be deemed the beneficial owner of the shares
owned by CIBC Delaware Holdings Inc.
- ------------------------------------------------------ Page 5 of 6 Pages
(b) Percent of class: 13.6% (based on 74,061,750
shares of Common Stock outstanding as of April
30, 1999).
(c) Number of shares as to which the person has
(i) sole power to vote or direct the vote:
0
(ii) shared power to vote or direct the vote:
10,062,125
(iii) sole power to dispose or to direct the
disposition of: 0
(iv) shared power to dispose or to direct the
disposition of: 10,062,125
Item 5: Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the
following: [ ]
Item 6: Ownership of More than Five Percent on Behalf of
Another Person:
CIBC Delaware Holdings Inc. has the right to
receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of,
such securities.
Item 7: Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
Not Applicable
Item 8: Identification and Classification of
Members of the Group:
Not applicable.
Item 9: Notice of Dissolution of Group:
Not applicable.
Item 10: Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were not acquired and are not held for the
purpose of or with the effect of changing or
influencing the control of the issuer of the
securities and were not acquired and are not held
in connection with or as a participant in any
transaction having that purpose of effect.
- ------------------------------------------------------ Page 6 of 6 Pages
SIGNATURE
----------------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 9, 1999
CANADIAN IMPERIAL BANK OF COMMERCE
By: /s/ Patricia A. Bourdon
------------------------------
Name: Patricia A. Bourdon
Title: Assistant Secretary
CIBC DELAWARE HOLDINGS INC.
By: /s/ Jeffrey L. Seltzer
------------------------------
Name: Jeffrey L. Seltzer
Title: Chairman &
Chief Executive Officer
