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RJR Holdings Corporation - Famous Tobacco Company Bond dated 1989 - Merged with Nabisco Brands

Inv# TC1011   Bond
State(s): Delaware
Years: 1989
Color: Blue and Black

Female figure holding tobacco leaves and looking at 2 globes. RJR Nabisco, Inc. was an American conglomerate engaged in the sale of tobacco and food products, with its headquarters located in the Calyon Building in Midtown Manhattan, New York City. The company ceased to function as a unified entity in 1999; however, both RJR (now known as R. J. Reynolds Tobacco Company) and Nabisco (currently a subsidiary of Mondel?z International) continue to operate. The formation of RJR Nabisco occurred in 1985 through the merger of Nabisco Brands and R.J. Reynolds Tobacco Company.

In 1988, Kohlberg Kravis Roberts & Co. acquired RJR Nabisco in a transaction that was, at the time, the largest leveraged buyout in history. Due to concerns regarding liabilities from tobacco-related lawsuits, the tobacco division was separated into an independent entity in 1999, leading to the renaming of RJR Nabisco to Nabisco Holdings Corporation. Presently, Nabisco is owned by Mondel?z International Inc. RJR Nabisco Holdings Corp. (NYSE: NGH) served as the parent company of RJR Nabisco, Inc. Following the division of the food and tobacco sectors in June 1999, Nabisco Group Holdings Corp. held an 80% stake in RJR Nabisco Holdings Corp., which acted as the parent company for Nabisco, Inc.

The R. J. Reynolds Tobacco Company was established in Winston-Salem, North Carolina, in 1875 and underwent a name change to R. J. Reynolds Industries, Inc. in 1970. The company became RJR Nabisco on April 25, 1986, following its acquisition of Nabisco Brands Inc. for $4.9 billion, which included a prior stock swap valued at $1.9 billion in 1985.

Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $25.00