Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 57.50

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12:27 PM EST

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To: Hopkins who wrote (5943)	10/30/2000 12:18:10 PM
From: Jim Oravetz	Read Replies (2) of 6439

10/29/00 - NABISCO GROUP SHAREHOLDERS APPROVE SALE TO TOBACCO GIANTS New York, Oct 27, 2000 (EFE via COMTEX) -- Nabisco Group Holdings stockholders on Friday approved the sale of their company to RJ Reynolds Tobacco Holdings and gave the green light for Philip Morris Cos. to buy Nabisco Holdings. With the deal, initially announced last June, Nabisco Holdings, the largest cookie and cracker maker in the United States will be acquired for 18.9 billion dollars and four billion dollars in assumed debt. RJ Reynolds is getting the parent company, Nabisco Group Holdings, whose only asset is an 80-percent interest in Nabisco Holdings, for 9.8 billion dollars. With the purchase, Philip Morris hopes to maintain its position as the second-largest food company in the world, combining Nabisco Holdings products to its line of Kraft Foods. EFE Jim

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