Word: nabisco
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Dates: during 1980-1989
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With Wednesday's $24.3 billion takeover of RJR Nabisco completed, opponents of the company's policies criticized Harvard's contribution to the deal...
...Nabisco stock was the most actively traded issue on the New York Stock Exchange yesterday, closing around $90 per share. KKR will give a package of securities and cash worth $109 per share for the company's stock, which was trading at less than $56 a share in October...
Voters who approved a rollback in auto premiums may inspire a wider revolt. -- Why Ross Johnson' s overreaching grab for RJR Nabisco infuriates his board of directors...
When Ross Johnson, president of RJR Nabisco, proposed last month that the tobacco-and-food conglomerate he had helped assemble only three years earlier be "put into play" and broken up, he had reason to believe that the company's board of directors would support him. After all, he had treated the outside directors on RJR's board well, paying them lavish fees and providing access to the company's corporate jets. Moreover, his offer was the largest leveraged-buyout bid in history and would give RJR's stockholders a rich, immediate payout...
Instead, the board could decide that the best course of action would be to sell off the company's subsidiaries without going through an LBO. The board might sell Nabisco's food divisions and distribute the proceeds to stockholders. Although this would take longer, RJR Nabisco could be worth more than $100 a share. Few corporations have a more marketable package of assets, which include such consumer brands as Del Monte canned goods, Blue Bonnet margarine, Planters nuts and dozens more...