Word: rjr
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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...
...RJR 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...
Experts have said the University may turn a 30 percent profit on its share in the buyout. Harvard also stands to benefit from its ownership of RJR stock, which has nearly doubled in value since the takeover bidding began five weeks...
...Harvard advisory committee on investment ethics has been investigating whether the University should pull out of RJR because of its heavy-handed advertising overseas...
Connolly called on Harvard to support aproposed RJR shareholder resolution that wouldestablish an independent panel to declare smokinga health hazard, curtail the company's tobaccopromotion and advertising, and force RJR to getout of the tobacco business by the year...