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R. J. Reynolds Tobacco Company was founded in Winston-Salem, North Carolina, in 1875 and changed its name to R. J. Reynolds Industries, Inc. in 1970. It became RJR Nabisco on April 25, 1986, after the company's $4.9 billion purchase, and earlier 1.9 billion stock swap, of Nabisco Brands Inc. in 1985. [5] [6]
The R. J. Reynolds Tobacco Company ( RJR) is an American tobacco manufacturing company based in Winston-Salem, North Carolina, and headquartered at the RJR Plaza Building. Founded by R. J. Reynolds in 1875, [1] it is the second-largest tobacco company in the United States (behind Altria ). The company is a wholly owned subsidiary of Reynolds ...
At $31.1 billion of transaction value, RJR Nabisco was by far the largest leveraged buyouts in history. In 2006 and 2007, a number of leveraged buyout transactions were completed that for the first time surpassed the RJR Nabisco leveraged buyout in terms of nominal purchase price.
In 1981, Nabisco merged with Standard Brands to form "Nabisco Brands", which merged with R. J. Reynolds Tobacco Company in 1985 to form RJR Nabisco. Kraft General Foods acquired the Nabisco cold cereals from RJR Nabisco in 1993, and the cereal brands are now owned by Post Holdings. In 1999, Nabisco acquired Favorite Brands International.
In the 1980s those "junk" bonds were used to finance thousands of leveraged buyouts, including Revlon, Beatrice Companies, RJR Nabisco Inc. and Federated Department Stores, making Milken a hated ...
HD2796.R57 B87 1990. Barbarians at the Gate: The Fall of RJR Nabisco is a 1989 book about the leveraged buyout (LBO) of RJR Nabisco, written by investigative journalists Bryan Burrough and John Helyar. The book is based upon a series of articles written by the authors for The Wall Street Journal. [1] The book was made into a 1993 made-for-TV ...
Strikes at Nabisco bakeries in the United States have reached the two week mark after workers failed to reach negotiations with Nabisco’s parent company, Mondelez.. On Aug. 10, more than 200 ...
Steven James has been working as a machine operator making Oreos, Chips Ahoy! and other Nabisco snacks at a plant in Richmond, Va. for 20 years. Nabisco worker calls for boycott of company’s ...