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Non-Tech : Loewen Group -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (185)	5/26/1999 9:06:00 AM
From: MF	Read Replies (2) \| Respond to of 277

Is that a fat lady clearing her throat on stage? Globe says major Loewen shareholder reduces holdings by half Loewen Group Inc (The) LWN Shares issued 74,056,090 May 25 close $0.89 Wed 26 May 99 In the News The Globe and Mail reports in its Wednesday, May 26, edition that major Loewen shareholder, New York hedge fund Omega Advisers, cut its holding by half, to 4.4 per cent from 9. The Globe's Ann Gibbon writes that Omega sold 921,000 shares between March 23 and May 20 at prices ranging from 88 U.S. cents to $1.76 a share. Omega now holds 3.22 million Loewen shares. Loewen would not comment on the fund's divestiture, saying only that it's a free world and Omega can do as it pleases.