Word: rjr
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Dates: during 1980-1989
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...CCSR voted to ask Philip MorrisCompanies, Inc. and RJR-Nabisco--both tobaccomanufacturers--to provide information about theiradvertising practices in developing countries,according to Gray...
...tobacco issues were pulled because the SEC[Securities and Exchange Commission] ruled thatthe wording [on the Philip Morris resolution] wasillegal and RJR went private," Gray said...
This February, RJR-Nabisco became a privatecompany after a multi-billion dollar takeover byKohlberg, Kravis, Roberts and Company (KKR), aWall Street leveraged buyout firm. Harvard, whichwas invested in KKR, now owns part of RJR throughits involvement in the buyout, but can no longervote on its policies...
...been mailing out videocassettes containing commercials for its Now brand of cigarettes. The company says all the tapes ; were sent to smokers who favor Carlton, a competing brand, in an effort to win them over. But Matthew Myers, staff director of the Coalition on Smoking or Health, contends that RJR's "video loophole" could be used to circumvent Congress's original goal of shielding youngsters from tobacco ads. While the RJR tape is aimed at adults, Myers fears that such ads could creep into videocassettes of teen movies...
...corporations through stock-repurchase programs, mergers, leveraged buyouts or employee-stock- ownership plans. All told, such buybacks have reduced the supply of shares on the market by a record $94 billion during the first half of the year, or nearly 4% of all outstanding stock. The buyout of RJR Nabisco alone took $25 billion worth of stock off the market, while the acquisition of Warner Communications by Time Inc. will reduce supply by another $14 billion...