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Economy: RJR Nabisco Takeover / Winston-Salem #113309

ABC Evening News for Thursday, Dec 01, 1988
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(Studio: Peter Jennings) Report introduced.

(NYC: Stephen Aug) Announcement of sale of RJR Nabisco, Incorporated, to buyout firm of Kohlberg, Kravis, Roberts and Company reported [LAWYERS - discuss agreement.] Stmt. by other bidder F. Ross Johnson to "Time" magazine detailed; various financial aspects of deal outlined on screen. [First MAN - gives financial estimate.] [Second MAN - explains how company will avoid paying income taxes.] [Third MAN - says leveraged buyouts must be stopped.] Fin. aspects of likely breaking up of company noted.

(Studio: Peter Jennings) Report introduced.

(Winston-Salem, North Carolina: Al Dale) Reactions of two former RJR empls. in Winston-Salem featured; scenes shown. [Retiree Albert JOHNSON - talks about his first paycheck and his stock's value.] [Father Hobart JOHNSON - answers questions about money.]

Aug, Stephen;
Dale, Al;
Jennings, Peter

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