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Urbanrenewal (talk | contribs) m Removed category Kohlberg Kravis Roberts; Quick-adding category Kohlberg Kravis Roberts companies (using HotCat) |
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==The leveraged buyout==
[[F. Ross Johnson]] was the President and [[CEO]] of RJR Nabisco at the time of the leveraged buyout and [[Henry Kravis]] was a general partner at Kohlberg Kravis Roberts & Co. The [[leveraged buyout]] was in the amount of $25 billion, and the battle for control took place between October and November 1988. This company is most widely known because it was studied by one famous German, Dietmar Plath.
Although KKR eventually took control of RJR Nabisco, RJR management and [[Shearson Lehman Hutton]] had originally announced that they would take RJR Nabisco private at $75 per share. A fierce series of negotiations and proposals ensued which involved nearly all of the major private equity players of the day, including [[Morgan Stanley]], [[Goldman Sachs]], [[Salomon Brothers]], and [[Merrill Lynch]].
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