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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. 44)
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)
NOVEMBER 7, 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 6 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): OO
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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: 1,483,600*
Number of ------------ ---------------------------------------------------------------------------------
Shares 8 Shared Voting Power: 0
Beneficially ------------ ---------------------------------------------------------------------------------
Owned by 9 Sole Dispositive Power: 1,483,600*
Each Reporting ------------ ---------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power: 0
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11 Aggregate Amount Beneficially Owned
by Each Reporting Person: 1,483,600*
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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): 7.6%
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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 6 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): OO
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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: 728,912*
Number of ------------ --------------------------------------------------------------------------------
Shares 8 Shared Voting Power: 0
Beneficially ------------ --------------------------------------------------------------------------------
Owned by 9 Sole Dispositive Power: 728,912*
Each Reporting ------------ --------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power: 0
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11 Aggregate Amount Beneficially Owned
by Each Reporting Person: 728,912*
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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): 3.7%
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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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This Amendment No. 44 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 meanings ascribed to them in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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On October 10 and October 13, 2000, Mr. Butler used personal funds to
purchase a total of 25,000 shares of Common Stock on the OTC Bulletin Board
System for a total purchase price (excluding brokerage commissions) of
approximately $8,594. These purchases should have been reported on Amendment No.
43 to Schedule 13D that was filed by the Reporting Persons on October 17, 2000.
Since the filing of Amendment No. 43 to Schedule 13D on October 17, 2000, (i)
Mr. Butler used personal funds to purchase a total of an additional 210,000
shares of Common Stock on the OTC Bulletin Board System for a total purchase
price (excluding brokerage commissions) of approximately $117,600, and (ii)
Human Service Group, Inc., an entity controlled by Mr. Estrin, used working
capital to purchase a total of 202,500 shares of Common Stock on the OTC
Bulletin Board System for a total purchase price (excluding brokerage
commissions) of approximately $113,400.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
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(a) As of the date of this Amendment No. 44, the members of the Centaur
Partners Group beneficially owned an aggregate of 2,212,512 shares of Common
Stock, representing approximately 11.27% of the outstanding shares of Common
Stock (based upon 19,637,360 shares outstanding as of July 31, 2000 as set forth
in the Company's Quarterly Report for the fiscal quarter ended June 30, 2000, as
amended, plus the shares underlying warrants to purchase 1,958 shares
beneficially owned by Mr. Estrin as described below). Mr. Butler owns 1,483,600
of these shares, and Mr. Estrin beneficially owns 728,912 of these shares. Mr.
Estrin's shares include beneficial ownership of 425,258 shares of Common Stock,
which consists of (i) 387,500 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, and (iv)
1,958 shares underlying warrants to purchase such shares held in certain trusts
for which Mr. Estrin is a co-trustee. Mr. Estrin is not a beneficiary of any of
these trusts, and disclaims beneficial ownership of all shares and warrants held
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by the trusts. 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 2,878,240 shares of Common Stock, or approximately 13.69%
of the outstanding shares of Common Stock as of July 31, 2000 plus the shares
underlying his exercised options. If all of Mr. Estrin's options were exercised,
Mr. Estrin would beneficially own 2,123,552 shares of the Common Stock, or
approximately 10.10% of the outstanding shares of Common Stock as of July 31,
2000 plus (i) the shares underlying his exercised options and (ii) the shares
underlying warrants to purchase 1,958 shares beneficially owned by him.
Except as set forth in this item 5(a), no member of the Centaur
Partners Group owns any shares of Common Stock.
(c) Since the filing of Amendment No. 43 to Schedule 13D on October 17,
2000, and including all shares purchased in October 2000, Mr. Butler purchased a
total of 235,000 shares of Common Stock on the OTC Bulletin Board System as
follows:
Trade Date No. of Shares Price per Share
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10/10/00 12,500 $ 0.3750
10/13/00 12,500 0.3125
10/20/00 7,500 0.56
10/27/00 10,000 0.56
11/06/00 50,000 0.56
11/07/00 60,000 0.56
11/08/00 82,500 0.56
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Total: 235,000
Since the filing of Amendment No. 43 to Schedule 13D on October 17,
2000, Human Service Group, Inc. purchased a total of 202,500 shares of Common
Stock on the OTC Bulletin Board System as follows:
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Trade Date No. of Shares Price per Share
---------- ------------- ---------------
10/27/00 10,000 $ 0.56
11/06/00 50,000 0.56
11/07/00 60,000 0.56
11/08/00 82,500 0.56
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Total: 202,500
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: November 9, 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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