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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) January 14, 1999
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
British Columbia, Canada 0-18429 98-0121376
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(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
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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 6
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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 99-1 The Loewen Group Inc. Press Release dated
January 14, 1999
Exhibit 99-2 The Loewen Group Inc. Press Release dated
January 14, 1999
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: January 15, 1999
THE LOEWEN GROUP INC.
By: /s/ BRADLEY D. STAM
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Name:Bradley D. Stam
Title: Senior Vice President, Law
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EXHIBIT INDEX
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Sequential
Number Exhibit Page Number
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99-1 The Loewen Group Inc. 4
Press Release dated January 14, 1999
99-2 The Loewen Group Inc. 6
Press Release dated January 14, 1999
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THE LOEWEN GROUP INC.
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(NYSE, TSE, ME: LWN)
NEWS
Contact:
Thomas C. Franco
Broadgate Consultants, Inc.
Tel: (212) 232-2222
FOR IMMEDIATE RELEASE
LOEWEN GROUP CONFIRMS ASSET SALES ARE AMONG
STRATEGIC OPTIONS UNDER CONSIDERATION TO MAXIMIZE SHAREHOLDER VALUE
VANCOUVER, BC, January 14, 1999 -- In response to recent press reports, The
Loewen Group Inc. (NYSE, TSE, ME: LWN) today confirmed that, among the options
being considered under its previously-announced process for maximizing
shareholder value, is the possible sale of a portion of its funeral home and
cemetery assets. Certain parties who have expressed an interest in acquiring
Loewen properties have been visiting the Company's data room.
The shareholder maximization process is being carried out under the direction of
the Special Committee of the Company's Board of Directors. The Company
emphasized that no decision has been made as to which assets, if any, will be
sold, nor has any decision been made as to the amount of assets that might be
divested.
The Loewen Group Inc. is the second largest funeral home and cemetery operator
in North America. The Company employs approximately 16,000 people and owns or
operates more than 1,100 funeral homes and over 500 cemeteries across the United
States, Canada and the United Kingdom. Over 90 percent of the
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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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THE LOEWEN GROUP INC.
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(NYSE, TSE, ME: LWN)
NEWS
Contact:
Thomas C. Franco
Broadgate Consultants, Inc.
Tel: (212) 232-2222
FOR IMMEDIATE RELEASE
LOEWEN GROUP TO APPEAL FLORIDA ADMINISTRATIVE ACTION
VANCOUVER, BC, January 14, 1999 - The Loewen Group Inc. (NYSE, TSE, ME: LWN)
said today that it has been working diligently over the past 2 years to respond
to the concerns of the Florida Department of Banking and Finance (DBF) relating
to pre-need sales at 16 of its more than 100 funeral and cemetery businesses
operating in that state.
The company said that it does not believe the DBF administrative action
announced earlier today is justified and that it will vigorously pursue an
appeal to overturn the DBF order so that the company can resume pre - need
funeral sales as soon as possible at the 16 affected locations. Today's order
relates only to new pre-need funeral and cemetery sales at the affected
locations and does not affect the ability to provide funeral and burial services
at those locations.
The Loewen Group Inc. is the second largest funeral home and cemetery operator
in North America. The Company employs approximately 16,000 people and owns or
operates more than 1,100 funeral homes and over 500 cemeteries across the United
States, Canada and the United Kingdom. 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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