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FOXMEYER CLARIFIES FEDERAL TRADE COMMISSION REFERENCE

 FOXMEYER CLARIFIES FEDERAL TRADE COMMISSION REFERENCE
 DALLAS, Aug. 12 /PRNewswire/ -- FoxMeyer Corporation (NYSE: FOX) announced today that a Federal Trade Commission reference yesterday to a potential "purchase of assets" of Snyder's Drug Stores, Inc. would be by FoxMeyer and not by its parent company, National Intergroup, Inc. (NYSE: NII). National Intergroup owns 67 percent of FoxMeyer.
 The company stated that any potential transaction involves only the acquisition by FoxMeyer Corporation of warehouse and distribution assets, and a long-term supply agreement. The potential transaction would not involve the acquisition of any retail drug stores.
 FoxMeyer, based in Dallas, is the nation's third largest pharmaceuticals distributor.
 -0- 8/12/92
 /CONTACT: J. Warren Henry of FoxMeyer Corporation, 214-446-4270/
 (FOX NII) CO: FoxMeyer Corporation; Snyder's Drug Stores, Inc.; National
 Intergroup, Inc. ST: Texas IN: MTC SU:


SH -- NY062 -- 6224 08/12/92 13:25 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
Words:142
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