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YborCityJohn (talk | contribs) →The leveraged buyout: Actually Henry Kravis is and has always been the managing partner not a general partner in addition to founding KKR with his cousin George Roberts and Jerome Kohlberg. |
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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 the
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]], [[First Boston]], [[Wasserstein Perella & Co.]], [[Forstmann Little]], [[Shearson Lehman Hutton]], and [[Merrill Lynch]]. Once put in play by [[Shearson Lehman Hutton]] and RJR management, almost every major Wall Street firm involved in M&A launched frenzied, literal last-minute bids in a fog of incomplete or misleading information.
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