RJR Nabisco: Difference between revisions

*[[Fresh Del Monte Produce]] was sold to [[Polly Peck]].<ref>{{Cite news | issn = 0458-3035 | last = Press | first = From Associated | title = British Conglomerate to Buy Part of Del Monte From RJR | work = Los Angeles Times | accessdate = 2015-02-09 | date = 1989-09-08 | url = http://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 Capitol]], and [[Kikkoman]]. Del Monte's Asia operations (outside the Philippines) were separately sold to Kikkoman.<ref>{{Cite news | issn = 0458-3035 | last = GANGA | first = MARIA L. La | title = RJR Sells Del Monte Operations for $1.4 Billion : Deal Puts Company Close to Lenders' February, 1990, Debt-Reduction Goal | work = Los Angeles Times | accessdate = 2015-02-09 | date = 1989-09-26 | url = http://articles.latimes.com/1989-09-26/business/fi-270_1_del-monte }}</ref>

On March 21, 1991, RJR Nabisco Holdings Corp. became a publicly traded stock. In March 1999, RJR Nabisco announced the sale of the international division of R. J. Reynolds Tobacco, and in June of that year, the company sold the remainder of R. J. Reynolds Tobacco to stockholders. The parent company became Nabisco Group Holdings and owned 80.5 percent of Nabisco Holdings. In 2000, [[Philip Morris USA|Philip Morris]] bought Nabisco Holdings. Soon after that, R. J. Reynolds Tobacco Holdings, Inc., first traded in June 1999, announced the acquisition of Nabisco Group Holdings. The deal was completed in December 2000.<ref name=Sequence/><ref>Eleni Chamis, "Breakup Dismantles the 1985 Union of Two 100-Year-Old Companies," ''Winston-Salem Journal'', May 13, 1999.</ref>