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Economy: RJR Nabisco Buy Out #112999

ABC Evening News for Sunday, Nov 20, 1988
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(Studio: Sam Donaldson) Announcement by RJR Nabisco, Incorporated, that third bidder has entered buy-out competition reported Report introduced.

(NYC: Ron Claiborne) Details given of bidding for this tobacco and food conglomerate by RJR management led. by CEO F. Ross Johnson, backed by Shearson Lehman Hutton and Salomon Bros., and by investment firm Kohlberg Kravis Roberts and Company Analysis of value of RJR's divisions, if they were broken up for sale later, outlined on screen. [National Securities and Research spokesperson Diane GALE - discusses rising stock value for shareholders.] First Boston Corporation reported making third bid.

Reporter(s):
Claiborne, Ron;
Donaldson, Sam
Duration:
00:02:40

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