Word: rjr
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Dates: during 1980-1989
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...state fund has notified Kohlberg, Kravis that it wants to limit the use of its money not only because of allegations of a hostile takeover but also because RJR Nabisco is the fourth largest U.S. company doing business in South Africa, said Michael S. Lelyveld, press secretary for the Massachusetts Executive Office for Administration and Finance...
...pension fund, which has committed $50 million to the limited partnership, has a statute prohibiting investment of its assets in South Africa-related companies. Lelyveld said Massachusetts has not received a response to its request to stay out of the RJR Nabisco deal...
...RJR Nabisco made such a move when it offered$17 billion for full control of the company lessthan two weeks before Kohlberg, Kravis made itshigher takeover offer. Gallagher added that ITTprobably could not legally withdraw from the deal...
Greg Connolly, an analyst and adviser for theMassachusetts Public Health Department and theWorld Health Organization, called on Harvard toattempt to refuse to fund the RJR Nabisco deal onethical grounds...
...What Harvard does will set the tone for thewhole nation, not what the Massachusetts pensionfunds does," Connolly said. "RJR has a policy ofmaking a profit off of human suffering...