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Non-Tech : Loewen Group
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To: Steve Johnston who wrote (201)6/15/1999 9:50:00 PM
From: Daniel Chisholm  Read Replies (1) of 277
 
Dunno.

Trading on the NYSE did resume today, the first day since 20 May. Volume was unusually high, 4.1M on New York, 6.9M on Toronto.

I did notice an SC-13 filed by on behalf of Ontario Teachers, they sold over a million shares today, finally exiting their position.

Anyhow, I don't see how either one of the foregoing facts would have a material bearing (one way or the other) on the stock price. I don't see why any shareholder could possibly think that they will get *anything* for their shares following the reorganization, especially since Loewen issued a CYA-type press release to that effect.

- Daniel
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