Our Time Economy and Industry
CENTURY BUSINESS ...
Before changing hands in November 1988, the largest corporate takeover in history until that time, the RJR Nabisco was a company of high dividends.
was 19. First U.S. company, producing annual revenues of 16,000 million dollars in the stock shares sold for $ 56 each. Then
artists was auctioned to the absorption.
In a negotiated sale to the highest bidder in meeting rooms lined with mahogany, the firm of Kohlberg Kravis Roberts (KKR) made the best offer, beating a group of executives of RJR Nabisco, to get huge and Snuff Company Food.
The KKR paid 25,000 million dollars for the company, about $ 109 per share, nearly double the market price.
Funded by junk bonds and commercial bank loans, the transaction left the RJR Nabisco about 2,280 million dollars in promissory notes. At the senior executive
F. Ross Johnson, who put into play only to lose Nabisco bidding war (and use), inflation of the bag sweetened his defeat: his actions amounted to more than 23 million dollars.
For many "The Business of the Century" summarized the Greed of Wall Street, the 80's style, in which Dealers borrowed much money to buy companies Solvents and then sold from to get more Dinrmin like it or not ... and He-Yo-We ... With the permission and the Grace of God ... in this very now ... we just won ... MUASSS
"You can not lie to yourself.
Your mind knows the truth of your thoughts ... "
" I do not do anything for you that you do not make for yourself. That
the Law and the Prophets.
The world is like because of you, and the decisions you have taken;
or not taken.
Earth is like because of you, and the decisions you have taken;
or not taken.
Your own life is like because of you, and the decisions you have taken;
or not taken. "
(Neale Donald Walsch)
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