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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.
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.
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]
With the parent company (renamed RJR Nabisco in 1985 after merging with Nabisco) planning to move its headquarters to Atlanta in September 1987, the company donated the World Headquarters Building to Wake Forest University in January 1987, and in July of that year, the company voted to move its Planters-Life Savers division to one-third of that ...
Following the RJR Nabisco takeover by Kohlberg Kravis Roberts & Co. led by Henry Kravis, Johnson started his own private investment company, RJM Group, Inc., based in Atlanta, Georgia. Until he resigned in March 2009, he was chairman of AuthentiDate Holding Corp., a United States publicly traded company.
RJR Nabisco, Inc. v. European Community, 579 U.S. ___ (2016), was a United States Supreme Court case in which the Court held that the Racketeer Influenced and Corrupt Organizations Act has certain extraterritorial applications, but that plaintiffs must prove injuries within the United States for the Act to apply. [1]
In 1988, Cohen was a key player in the leveraged buyout of RJR Nabisco. Cohen and Shearson Lehman supported the company's CEO F. Ross Johnson in a proposed $17 billion buyout. [7] [8] Ultimately, Johnson and Cohen lost their bid for the company and RJR Nabisco was acquired by the private equity firm Kohlberg Kravis Roberts.
From 1995 until his retirement in 2000, Goldstone was chairman and chief executive officer of RJR Nabisco, Inc. (which was subsequently named Nabisco Group Holdings following the reorganization of RJR Nabisco, Inc.). Prior to joining RJR Nabisco, Inc., Goldstone was a partner at the Davis Polk & Wardwell law firm in New York City.