FOXMEYER HEALTH CORP
8-K, 1994-10-14
DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
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                     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):  October 12, 1994

                        FOXMEYER HEALTH CORPORATION
- ---------------------------------------------------------------------------
           (Exact Name of Registrant as Specified in its Charter)

                                  DELAWARE
- ---------------------------------------------------------------------------
               (State or Other Jurisdiction of Incorporation)

            1-8549                                     25-1425889
- ------------------------------               ------------------------------
   (Commission File Number)                         (I.R.S. Employer
                                                   Identification No.)

     1220 Senlac Drive, Carrollton, Texas                      75006
- ---------------------------------------------          --------------------
   (Address of Principal Executive Offices)                 (Zip Code)

                               (214) 446-4800
- ---------------------------------------------------------------------------
            (Registrant's Telephone Number, Including Area Code)

                         NATIONAL INTERGROUP, INC.
- ---------------------------------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report)
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     Item 5.   Other Events.
               ------------

          FoxMeyer Health Corporation (the "Registrant") and FoxMeyer
     Corporation ("FoxMeyer") announced on October 13, 1994 that the merger
     of FoxMeyer with and into a wholly-owned subsidiary of the Registrant
     was approved by the stockholders of both the Registrant and FoxMeyer
     at annual meetings held on October 12, 1994, and such merger was
     consummated on October 12, 1994.  At the Registrant's annual meeting,
     stockholders also voted to approve a change in the Registrant's name
     to "FoxMeyer Health Corporation." 

          Attached hereto and incorporated herein by reference is the press
     release issued by the Registrant and FoxMeyer in connection with the
     consummation of the merger.

     Item 7.   Exhibits.
               --------

          (99) Text of Press Release issued by the Registrant and FoxMeyer
               dated October 13, 1994.






















































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                                   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.





     DATE: October 14, 1994           FOXMEYER HEALTH CORPORATION



                                      By:: /s/ Peter B. McKee              
                                          ---------------------------------
                                          Peter B. McKee
                                          Vice President and
                                          Chief Financial Officer






















































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                                  Exhibit Index
                                  -------------
                                                             Page Number
                                                             in Subsequentially
     Exhibit                                                 Numbered
     Number                                                  Document
     -------                                                 --------

     (99)    Text of Press Release issued by the Registrant
             and FoxMeyer dated October 13, 1994





























































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     FOR IMMEDIATE RELEASE

     COMPANY CONTACT:         J. Warren Henry
                              (214) 446-4270


                       NATIONAL INTERGROUP CHANGES NAME TO
                          FOXMEYER HEALTH CORPORATION,
                    OUTLINES INNOVATIVE HEALTH CARE STRATEGY

          NATIONAL INTERGROUP AND FOXMEYER STOCKHOLDERS APPROVE MERGER

               DALLAS, Texas, October 13, 1994 -- National Intergroup, Inc.
     (NYSE:NII) and its 80.5% owned subsidiary, FoxMeyer Corporation
     (NYSE:FOX), announced that the merger of FoxMeyer into a wholly-owned
     subsidiary of National Intergroup was approved by the stockholders of
     both National Intergroup and FoxMeyer at their annual meetings on
     Wednesday, October 12, 1994.  At the National Intergroup annual
     meeting, National Intergroup stockholders also approved changing
     National Intergroup's name to "FoxMeyer Health Corporation" to more
     accurately reflect the company's strategy for growth.

               "We clearly see ourselves as more than 'just a wholesaler,'
     said Thomas L. Anderson, FoxMeyer Health president and chief operating
     officer.  "We are committed to becoming a leading health care provider
     of products and information-based services throughout North America. 
     We will continue to introduce innovations - new systems capabilities,
     electronic services, marketing programs, niche businesses, new
     distribution capabilities - that we expect to carry FoxMeyer Health
     ahead of its competition, in terms of efficiency and quality of
     service, over the next few years."

               "We believe that this strategic vision - FoxMeyer Health as
     an innovative provider of health care services and products - will
     guide us in delivering the most value to our retail and
     hospital/alternate care customers, as well as to our shareholders,"
     Anderson said.

               Certificates effecting the merger and the name change have
     been filed in Delaware.  Trading of shares of FoxMeyer common stock
     has ceased.  Holders of shares of FoxMeyer Corporation common stock
     will be entitled to receive 0.904 shares of FoxMeyer Health
     Corporation (formerly named National Intergroup, Inc.) common stock in
     exchange for each of their shares of FoxMeyer common stock.  Letters
     of Transmittal with instructions on how FoxMeyer stockholders can
     exchange their
















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     shares will be sent shortly.  FoxMeyer will continue as a wholly-owned
     subsidiary of FoxMeyer Health Corporation.

               On or about November 14, 1994, the trading symbol for shares
     of common stock of FoxMeyer Health Corporation (formerly named
     National Intergroup) on the New York Stock Exchange will change from
     "NII" to "FOX."  Until November 14, 1994, shares of common stock of
     FoxMeyer Health Corporation will trade under the "NII" symbol.

               FoxMeyer Health Corporation reported sales of $5.4 billion
     for the year ended March 31, 1994, and is a holding company
     principally involved in:

               -    Health care services, including the distribution of a
                    full line of pharmaceutical products and health and
                    beauty aids, as well as providing managed care
                    services, through its subsidiary, FoxMeyer Corporation;
               -    And the franchising of general variety stores and the
                    franchising and operation of crafts stores, together
                    with the wholesale distribution of products to those
                    stores, through its 67.2%-owned subsidiary, Ben
                    Franklin Retail Stores, Inc.

               Following its annual meeting of shareholders, the FoxMeyer
     Health board of directors announced that it was considering spinning
     off a substantial portion of the company's ownership in Ben Franklin
     Retail Stores, Inc. through a distribution of a large proportion of
     its Ben Franklin stock to FoxMeyer Health shareholders.













































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