Categories · Business (Tobacco)
Organizations · MO
· RJR
· Nabisco
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Jump to full article: Reuters, 2000-12-11
Intro: R.J. Reynolds Tobacco Holdings Inc. said on Monday it has purchased Nabisco Group Holdings Corp., the former parent of Nabisco Holdings Corp., for $30 a share, or about $9.8 billion.
R.J. Reynolds made its announcement after Philip Morris Cos. Inc. said it completed its purchase of Nabisco Holdings Corp.(NA.N), the maker of Oreo cookies and Ritz crackers. The primary asset of Nabisco Group Holdings after the Philip Morris purchase of Nabisco Holdings is a cash shell of about $11.7 billion.
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