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Confused? Well, there is a germ of reason amidst all this dizzying dealmaking: As a result of the RJR-NGH merger, NGH manages to consolidate any pending lawsuits under the umbrella (and considerable legal expertise) of RJR. Meanwhile, analysts theorize, Philip Morris will move quickly to spin off its tobacco holdings...

Author: /time Magazine | Title: Why Philip Morris Gobbled Up Nabisco | 6/26/2000 | See Source »

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