Loewen hires financial adviser to help boost share price
Article Abstract:
Loewen Group Inc., a funeral services provider, has hired the services of Salomon Smith Barney, a financial consultancy services firm. Under the terms of the contract, the financial advisory company will be charged with exploring prospective alternatives to enhance Loewen Group's share value. Salomon Smith Barney is expected to negotiate for possible strategic partnerships, venture capital investments and other agreements. The funeral services firm is also contemplating on selling an interest in the company to prospective buyers or forge partnerships with rival firms.
Comment:
Has been hired by Loewen Group, a funeral services co, to improve value of shares of stock
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Loewen Group to lay off 100 from U.S. office
Article Abstract:
Loewen Group Inc. of Burnaby, British Columbia, the second-biggest funeral services firm in the world, decided to lay off around 100 employees from its operations in Philadelphia, PA. This would give a good image of Loewen Group to investors and reap savings. In addition, Loewen Group will reassign 50 more people from Philadelphia to Burnaby or other regional units in the US. Loewen chief financial officer Paul Wagler noted that the layoffs are indicative of the relocation of executive staff to Burnaby and heightened centralization of functions to headquarters.
Comment:
Decides to reassign 50 more people from Philadelphia, PA, to Burnaby, British Columbia or other regional units in the US
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Funeral giant Loewen reprieved by Lenders
Article Abstract:
Loewen Group Inc, the second-largest funeral home and cemetery operator in North America, has been given a reprieve from its financial woes when it secured a deal with its 25-member banking syndicate. The company would have been forced to seek bankruptcy protection if not with the deal that eased up loan agreements on a $600-mil line of credit. According to Loewen Chairman John Lacey, the deal will give enough room for the company to recover.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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