-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PfalUKtHR1xcvYYIVHkG+LP5LYcfIXp7m8DuGzP5Vq/OaSOf6903ZCnanrUB6iJK jDsPDqk3jMlEUUIvJAX8KQ== 0000891020-00-000095.txt : 20000203 0000891020-00-000095.hdr.sgml : 20000203 ACCESSION NUMBER: 0000891020-00-000095 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000124 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOEWEN GROUP INC CENTRAL INDEX KEY: 0000845577 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 980121376 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12163 FILM NUMBER: 512808 BUSINESS ADDRESS: STREET 1: 4126 NORLAND AVE CITY: BURNABY BC CANADA V5 STATE: A1 ZIP: V5G 3S8 BUSINESS PHONE: 6042999321 MAIL ADDRESS: STREET 1: 4126 NORLAND AVE STREET 2: BRITISH COLUMIA CITY: BURNABY V5G 3S8 STATE: A1 8-K 1 FORM 8-K 1 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 24, 2000. THE LOEWEN GROUP INC. (Exact name of registrant as specified in its charter) British Columbia, Canada 0-18429 98-0121376 - ------------------------------- ------------------------ ------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation) Identification No.) 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 5 2 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 January 24, 2000.
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 24, 2000. THE LOEWEN GROUP INC. By: /s/ BRADLEY D. STAM -------------------------------------- Name: Bradley D. Stam Title: Senior Vice President, Law 3 EXHIBIT INDEX
Sequential Number Exhibit Page Number - ------ ------- ----------- 99 The Loewen Group Inc. 4 Press Release dated January 24, 2000
EX-99 2 PRESS RELEASE DATED JAN. 24, 2000 1 THE LOEWEN GROUP INC. - -------------------------------------------------------------------------------- (NYSE, TSE, ME: LWN) NEWS Contact: Sitrick And Company Michael Kolbenschlag Linda Press (310) 788-2850 FOR IMMEDIATE RELEASE THE LOEWEN GROUP ANNOUNCES COURT APPROVAL OF ASSET DISPOSITION PROGRAM Clarification regarding NYSE listing --------------------------------------- VANCOUVER, BC January 24, 2000 THE LOEWEN GROUP INC. (NYSE, TSE: LWN), today announced that the United States Bankruptcy Court for the District of Delaware has approved the Company's proposed bid procedures to be followed in connection with its previously-announced program for disposition of non-strategic assets. Through this program the Company intends to sell up to 371 of the approximately 1,300 funeral home and cemetery locations at which the Company does business in the United States. Although many of the properties being made available for sale have good track records and well-established reputations in their communities, the Company has determined that they do not fit into Loewen's long-range business plans--in many cases because their geographic locations do not permit the properties to realize synergies with other Loewen funeral homes and cemeteries. During the past two weeks, the Company, through its financial advisors Wasserstein Perella & Co., has been distributing packages of information on the for-sale properties to interested parties who have signed confidentiality agreements. February 7, 2000, has been set as the date by which parties interested in bidding must submit letters of intent identifying the properties which they wish to purchase and stating, subject to further due diligence, the prices that they would be prepared to pay for those assets. In the course of the asset disposition program, the Company will consider all qualified bids, whether for geographic groups of properties or for single locations, with the objective of maximizing the total value received for assets. In an unrelated announcement, the Company also advised that it now expects that the New York Stock Exchange will not begin the process of delisting the Company's shares before February 25, 2000. Based upon previous communications from the NYSE, the Company had previously announced that, due to continued trading of the Company's shares at prices below the Exchange's $1 per share standard, trading on the NYSE could be suspended and the delisting process begun as early as January 25, 2000. Based in Vancouver, The Loewen Group Inc. owns or operates more than 1,100 funeral homes - more - 2 and more than 400 cemeteries across the United States, Canada, and the United Kingdom. The Company employs approximately 13,000 people and derives approximately 90 percent of its revenue from its US operations. # # # Safe Harbor: Certain statements contained in this press release, including but not limited to information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans, are forward-looking in nature. Additional information concerning important factors that could cause actual results to differ from the forward-looking information contained in this release is included in the Company's publicly filed quarterly and annual reports. -----END PRIVACY-ENHANCED MESSAGE-----