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SCHEDULE 13D
(RULE 13D-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 41)
AVATEX CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
05349F402
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(CUSIP number)
STEPHEN E. JACOBS
WEIL, GOTSHAL & MANGES LLP, 767 FIFTH AVENUE
NEW YORK, NEW YORK 10153, (212) 310-8000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
AUGUST 1, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be
sent.
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 05349F402 13D Page 2 of 5 Pages
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1 Names of Reporting Persons/I.R.S. ABBEY J. BUTLER
Identification Nos. of Above Persons (Entities Only:)
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2 Check the Appropriate Box if a Member of a Group: (a) [X]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions): 00
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5 Check if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2 (e) [ ]
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6 Citizenship or Place of Organization UNITED STATES
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7 Sole Voting Power: 1,186,100*
Number of ------------ ---------------------------------------------------------------------------------
Shares 8 Shared Voting Power: 0
Beneficially ------------ ---------------------------------------------------------------------------------
Owned by 9 Sole Dispositive Power: 1,186,100*
Each Reporting ------------ ---------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power: 0
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11 Aggregate Amount Beneficially Owned
by Each Reporting Person: 1,186,100*
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12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions): [ ]
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13 Percent of Class Represented by Amount in Row (11): 6.0%
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14 Type of Reporting Person: IN
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* See Item 5 of this Amendment to Schedule 13D.
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CUSIP No. 05349F402 13D Page 3 of 5 Pages
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1 Names of Reporting Persons/I.R.S. MELVYN J. ESTRIN
Identification Nos. of Above Persons (Entities Only:)
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2 Check the Appropriate Box if a Member of a Group: (a) [X]
(See Instructions) (b) [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions): 00
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5 Check if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2 (e) [ ]
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6 Citizenship or Place of Organization UNITED STATES
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7 Sole Voting Power: 351,412*
Number of ------------ --------------------------------------------------------------------------------
Shares 8 Shared Voting Power: 0
Beneficially ------------ --------------------------------------------------------------------------------
Owned by 9 Sole Dispositive Power: 351,412*
Each Reporting ------------ --------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power: 0
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11 Aggregate Amount Beneficially Owned
by Each Reporting Person: 351,412*
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12 Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions): [ ]
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13 Percent of Class Represented by Amount in Row (11): 1.8%
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14 Type of Reporting Person: IN
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* See Item 5 of this Amendment to Schedule 13D.
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CUSIP No. 05349F402 13D Page 4 of 5 Pages
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* See Item 5 of this Amendment to Schedule 13D.
This Amendment No. 41 amends and supplements the Statement on Schedule
13D filed with the Securities and Exchange Commission on January 29, 1990, as
amended through the date hereof (the "Schedule 13D"), by Centaur Partners IV,
Butler Equities II, L.P., Estrin Equities Limited Partnership, formerly named
Estrin Abod Equities Limited Partnership, Abbey J. Butler and Melvyn J. Estrin,
with respect to their ownership of Class A common stock, par value $0.01 per
share ("Common Stock"), of Avatex Corporation (formerly named FoxMeyer Health
Corporation, the "Company"). References herein to Common Stock shall also be
deemed references to the Company's previously issued common stock, par value
$5.00 per share, which was exchanged into Common Stock effective December 7,
1999. Unless otherwise indicted, all capitalized terms used herein shall have
the respective meanings ascribed to them in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
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(a) As of the date of this Amendment No. 41, the members of the Centaur
Partners Group beneficially owned an aggregate of 1,537,512 shares of Common
Stock, representing approximately 7.83% of the outstanding shares of Common
Stock (based upon 19,637,360 shares outstanding as of May 23, 2000 as set forth
in the Company's Annual Report for the fiscal year ended March 31, 2000). Mr.
Butler owns 1,186,100 of these shares, and Mr. Estrin beneficially owns 351,412
of these shares. Mr. Estrin's shares include beneficial ownership of 47,758
shares of Common Stock, which consists of (i) 10,000 shares owned by Human
Service Group, Inc., an entity controlled by Mr. Estrin, (ii) 13,418 shares
owned by Estrin New Ventures, LLC, an entity controlled by Mr. Estrin and his
wife, (iii) 22,382 shares held in certain trusts for which Mr. Estrin is a
co-trustee, the beneficial ownership of which he disclaims, and (iv) 1,958
shares underlying warrants to purchase such shares held in certain trusts for
which Mr. Estrin is a co-trustee, the beneficial ownership of which he
disclaims. Mr. Butler disclaims beneficial ownership of the shares of Common
Stock beneficially owned by Mr. Estrin, and Mr. Estrin disclaims beneficial
ownership of the shares of Common Stock owned by Mr. Butler.
The foregoing does not include an aggregate of 2,789,280 shares of
Common Stock issuable upon the exercise of options held by Mr. Butler and Mr.
Estrin, each of whom holds 1,394,640 of these options. All of these options are
currently exercisable. If all of Mr. Butler's options were exercised, Mr. Butler
would beneficially own 2,580,740 shares of Common Stock (approximately 12.27% of
the outstanding shares of Common Stock as of May 23, 2000 plus the shares
underlying his exercised options). If all of Mr. Estrin's options were
exercised, Mr. Estrin would beneficially own 1,746,052 shares of the Common
Stock (approximately 8.30% of the outstanding shares of Common Stock as of May
23, 2000 plus the shares underlying his exercised options).
Except as set forth in this item 5(a), no member of the Centaur
Partners Group owns any shares of Common Stock.
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CUSIP No. 05349F402 13D Page 5 of 5 Pages
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(c) On May 12, 2000, Estrin New Ventures, LLC purchased 13,418 shares
of Common Stock from a trust of which Mr. Estrin was the co-trustee, in a
private transaction at a price of $0.625 per share. On July 20, 2000, Human
Service Group, Inc. purchased 10,000 shares of Common Stock in the open market
at a price of $0.406 per share.
Prior to his reporting of such shares herein, Mr. Estrin was already
the beneficial owner of (i) the 13,418 shares of Common Stock previously held by
a trust of which Mr. Estrin was the co-trustee (and which were acquired by
Estrin New Ventures, LLC on May 12, 2000), (ii) the 22,382 shares of Common
Stock held in certain trusts for which Mr. Estrin is a co-trustee (of which
18,080 of such shares were previously reported as being beneficially owned by
Mr. Estrin), and (iii) the 1,958 shares underlying warrants held in certain
trusts for which Mr. Estrin is a co-trustee.
SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated: August 4, 2000.
/s/ Abbey J. Butler
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Abbey J. Butler
/s/ Melvyn J. Estrin
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Melvyn J. Estrin
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