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UNITED STATES
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
October 16, 1997
Date of Report (Date of earliest event reported)
WHITE RIVER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-22604 93-1011071
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
777 Westchester Avenue, Suite 201
White Plains, New York 10604
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 251-0237
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Item 5. Other Events.
Effective October 14, 1997, White River Corporation ("White River") received a
$26.3 million distribution on its investment in the Richard C. Blum & Associates
- - NWA Partners LP ("NWA Partners"), which holds equity securities in Northwest
Airlines Corporation ("NWA Corp."). The distribution represented White River's
share of proceeds arising primarily from the redemption of NWA Partners'
investment in preferred stock of NWA Corp., but also in part due to the sale of
0.7 million shares of NWA Corp. common stock subject to a call option.
White River owns a 21.3% interest in NWA Partners, which in turn continues to
own approximately 4.7 million shares of NWA Corp. common stock.
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SIGNATURE
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.
October 16, 1997
White River Corporation
/s/ Michael E.B. Spicer
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Name: Michael E.B. Spicer
Title: Chief Financial Officer and Treasurer
