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'''RJR Nabisco, Inc.''', was an
== History ==
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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.<ref name=NYTimes/><ref name=Sequence>{{cite web|url=http://files.shareholder.com/downloads/RAI/774487414x5356905x279278/335b63c9-8094-4559-a378-0dd439f13e98/securities.pdf|title=A Stock History – Sequence of Events|access-date=2012-03-23}}</ref>
=== Headquarters move ===
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*Associated Biscuits International (consisting of 38% of India's Britannia and 40% of Pakistan's [[Peek Freans|English Biscuit Manufacturers]]) to [[Britannia Industries]].<ref>{{Cite news | issn = 0458-3035 | last = s | first = From Times wire service | title = P.M. BRIEFING : Nabisco Sells India, Pakistan Units | work = Los Angeles Times | access-date = 2015-02-09 | date = 1989-07-07 | url = https://articles.latimes.com/1989-07-07/business/fi-3554_1_india-and-pakistan }}</ref>
*[[Fresh Del Monte Produce]] was sold to [[Polly Peck]].<ref>{{Cite news | issn = 0458-3035 | agency = Associated Press | title = British Conglomerate to Buy Part of Del Monte From RJR | work = Los Angeles Times | access-date = 2015-02-09 | date = 1989-09-08 | url = https://articles.latimes.com/1989-09-08/business/fi-1943_1_del-monte }}</ref>
*[[Del Monte Foods]] was sold to [[Merrill Lynch]], [[Court Square Capital Partners|Citicorp Venture Capital]], and [[Kikkoman]]. Del Monte's Asia operations (outside the Philippines) were separately sold to Kikkoman.<ref>{{Cite news | issn = 0458-3035 | last =
*The company's 20% stake in [[ESPN Inc.]] was sold to [[Hearst Communications]].
Another major consequence of the buyout was that according to [[United States Department of Labor]], in its report "American Workplace", over 2,000 workers subsequently lost their jobs, which 72% eventually replaced, but earning less than half of their previous incomes, suggesting that it took most of those who lost their jobs an average of 5.6 months to find new employment.<ref>{{Cite book|title=U.S. Department of Labor, Office of the American Workplace, Volumes 2-3, Issues 1-5|publisher=United States Department of Labor|year=1994}}</ref>
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