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NATIONAL INTERGROUP ACCEPTS ALL TENDERED COMMON STOCK FOR EXCHANGE

 DALLAS, Nov. 4 /PRNewswire/ -- National Intergroup, Inc. (NYSE: NII) announced today that it has accepted for exchange all of the approximately 6,820,000 shares of its common stock (of which approximately 700,000 shares were pursuant to guaranteed delivery) that were tendered pursuant to the company's offer to exchange two shares of its common stock for one share of a new series of its $4.20 Cumulative Exchangeable Series A Preferred Stock, with a liquidation preference of $40.00.
 The exchange offer expired at midnight, New York City time, on Wednesday, Nov. 3, 1993.
 -0- 11/4/93
 /CONTACT: J. Warren Henry of Foxmeyer Corporation, 214-446-4270/
 (NII)


CO: National Intergroup, Inc. ST: Texas IN: REA SU:

LG -- NY086 -- 0785 11/04/93 13:54 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:126
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