SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (6231)3/9/1999 11:04:00 AM
From: Robert Hoefer  Read Replies (2) of 78483
 
RJR Nabisco to split food, tobacco units. Your comments on value?

Michael Price, in a Barron's Roundtable once called it "The most undervalued stock in America," but patient value investors have been waiting a long time for the value to come out. What's your current take on the value of the Nabisco shares and the tobacco company?

Here is the release from Reuters:

Food and tobacco giant RJR Nabisco Holdings Corp. (Nyse:RN) said Tuesday it will sell its international tobacco business to Japan Tobacco for $8 billion and plans to split its U.S. tobacco and foods businesses. Investor Carl Icahn, who holds a 6.6 percent stake in RJR, has been pushing for a split of the company.Industry analysts have said the shedding of the international tobacco unit will shore up RJR's business overall and help defend itself against any proxy battle. RJR, maker of Camel, Salem and Winston cigarettes, said Japan Tobacco will buy all business and trademarks from the international unit.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News