Record $20.28 Billion Bid for RJR Nabisco Shocks Wall Street
Kohlberg Kravis Roberts bids $20.28 billion for RJR Nabisco at $90 a share in cash for 87 percent, with stockholders receiving equivalent value for the rest. Nabisco board support required. offer could trigger higher bids as takeover activity surges, making this the largest leveraged buyout seen in the U.S. and surpassing Chevron’s 1984 Gulf Oil deal.
MENTIONED IN THIS ARTICLE
New York
Wall Street
RJR Nabisco Inc
Kohlberg Kravis Roberts & Co
RJR Nabisco
Nabisco
Kohlberg Kravis
Jay Nelson
Brown Brothers Harriman Inc
Gulf Corp
Chevron Corp
Peter A. Cohen
Shearson Lehman Hutton
Philip Morris Cos Inc
Kraft Inc
Maytag Corp
Maytag
Des Moines
Town
Kohlberg Krauss
New York Stock Exchange
Beatrice Cos
Creston Aucton reports strong turnout and varied livestock sales
At Creston Aucton on Monday a total of 323 consignors sold 920 head of livestock. Prices ranged widely across cattle calves hogs sheep and feeders with top figures including choice calves 80 cents to 103, cattle steers 68 to 72.5, hogs 28 to 39 for sows and 3775 for boars, and feeder cattle to 78.59. An Oct 22 sale saw 777 head of feeders and lambs mixed with prices from 0.60 to 1.10 per unit.
MENTIONED IN THIS ARTICLE
New York
Kmart
NYSE
Kumbel
Kroger
At&t
AulRich
Ta Mobil
Bae PelsiGo
Chase
Pilsbry
Saralee
Fedex
StorTch
Amtex
Ventros Geneich
Texaco
GaMilts
Texinsi
Tosco
Hilton
Hk Ie
Interco
Pierre R. Smith & Co
Creston
Pune
U S to invest in Third World businesses
The United States plans a $10 million OPIC program to buy into small private firms in developing nations. The move, approved by a Reagan-sign bill, aims to boost exports, create jobs, and establish a US equity stake in up to 30 percent of target companies in sub Saharan Africa and the Caribbean Basin.
MENTIONED IN THIS ARTICLE
Washington
Overseas Private Investment Corporation
OPIC
Reagan
U.S
Itus
sub-Saharan Africa
Caribbean
Nalen
Rick Hornberg
Congress
National City Bank
Treasury
Also Mentioned on This Page
Henry Kravis
Winston- Salem
N.C
Food and Tobacco Company
Turer
Kraft
Farley Inc
West Point-Pepperell Inc
West Point
Chicago Pacific Corp
Hoover
Creston Livestock
al 3A
Aldined Corporation
Amerslip
Center
CPC Inter Inc
Emerson
Goodrich First Bancorp
Hills Dept
Bmtc Industries
Invacare
LCB Bancorp We Lnb Bancorp
Lesco Ine Ay Nordson
Northern Savings
Ohio Edison
PNC Corp
Parker Hannifin
Smucker
Sunrise Medical Texas Athlities Ba Trw
Woolworth
York International
R & M Mini
Butternut Ridge RD
Elyria
R&m
Butternut Ridge
Amstrad
Panasonic Computer Printers
ROYAL
Thors
Cleveland Street
Byne
Lorain
Craig A. Nalen
FDIC
National ‘City Bank
EL Ata
Cleveland, Ohio
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