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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): October 29, 1996
INTERSYSTEMS,_INC.
Exact Name of Registrant as specified in charter
Delaware
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(State or Other Jurisdiction of Incorporation)
1-9547 13-3256265
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Commission file No. I.R.S. Employer Identification No.
8790 Wallisville Road, Houston, TX 77029
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(Address of Principal Executive Offices)
(713) 675-0307
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
The Company's Board of Directors met on October 29, 1996 and
resolved, among other matters, to terminate discussions with Helm
Resources, Inc. ("Helm") concerning the previously announced proposed
acquisition of Interpak Holdings, Inc. headquartered in Houston, Texas
("Interpak") from Helm. Helm currently owns approximately 25% of the
Company's outstanding shares of Common Stock. After several months of
negotiations, the Acquisition Committee of the Company's Board of
Directors and Helm have been unable to reach an agreement as to price, nor
has the Company been able to arrange financing to complete the
acquisition. Interpak is a custom-packager of thermoplastic resins and
also provides warehousing and delivery services to plastics producers and
distributors.
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.
INTERSYSTEMS, INC.
By:/s/ Herbert M. Pearlman
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Herbert M. Pearlman, Chairman
Date: November 1, 1996
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