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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 9, 2001
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LOEWS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-6541 13-2646102
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
667 Madison Avenue, New York, N.Y. 10021-8087
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 521-2000
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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Page 1
Item 5. Other Events.
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On January 9, 2001, Registrant issued the press release attached hereto as
Exhibit 99 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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(a) Exhibits.
Exhibit 99 Press Release issued by Loews Corporation, dated January 9, 2001.
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.
LOEWS CORPORATION
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(Registrant)
Dated: January 9, 2001 By: /s/ Barry Hirsch
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Barry Hirsch,
Senior Vice President,
Secretary and General
Counsel
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Exhibit 99
Contact: Peter W. Keegan
Senior Vice President
(212) 521-2950
Candace Leeds
V.P. of Public Affairs
(212) 521-2416
Joshua E. Kahn
Investor Relations
(212) 521-2788
LOEWS CORPORATION
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NEWS RELEASE
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FOR IMMEDIATE RELEASE
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LOEWS CORPORATION ANNOUNCES FINAL SUPERTANKER OPTION EXERCISED
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NEW YORK, January 9, 2001 - Loews Corporation (NYSE:LTR) today reported that its
Majestic Shipping Corporation subsidiary has exercised its final option with
Daewoo Shipbuilding and Marine Engineering Co., Ltd. to build a fourth 442,500
deadweight ton ultra-large crude carrying ship.
Hellespont Shipping Corporation, a 49%-owned subsidiary of Loews Corp., had
already committed to build four 303,000 deadweight ton very-large crude
carrying ships.
The total yard cost of the eight new supertankers will be approximately $660
million. Delivery of the new vessels is scheduled to begin in the fourth
quarter of 2001.
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