RJR Nabisco sells international tobacco business to Japan Tobacco..


May 12, 1999 - RJR Nabisco sells international tobacco business to Japan Tobacco.. RJR Nabisco (National Biscuit Company) Holdings Corp. (NYSE: RN) today announced that it had completed the sale of its international tobacco business to Japan Tobacco, Inc. for $8 billion, including the assumption of $200 million of net debt. As announced on March 9, 1999, under the terms of the sales agreement, Japan Tobacco will acquire all of the business and trademarks of R.J. Reynolds International, including the international rights to Camel, Winston and Salem. Japan Tobacco acquires RJR Nabisco's int'l tobacco unit Asian Economic News, March 15, 1999 and RJR NABISCO AGREES TO SELL INTERNATIONAL TOBACCO BUSINESS FOR $8 BILLION; BOARD APPROVES SPIN-OFF PLAN FOR DOMESTIC TOBACCO COMPANY 9 Mar 1999

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  Anonymous

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