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JAPANESE COMPANY BUYS RJR NABISCO HOLDINGS TOBACCO BUSINESS, 1999-03-09 (photo)

IMAGE number
REU8312144
Image title
JAPANESE COMPANY BUYS RJR NABISCO HOLDINGS TOBACCO BUSINESS, 1999-03-09 (photo)
Auto-translated text View Original Source
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-03-09
Image description

RJR Nabisco Holdings Corp., maker of Camel cigarettes, said March 9 it will sell its international tobacco business for $8 billion to Japan Tobacco, and also spin off its domestic tobacco business. The sale of the unit follows a slew of litigation in the domestic tobacco business as well as shareholder pressure within RJR, one of the world's top cigarette makers and Number one U.S. cookie and cracker company. CLH/

Photo credit
REUTERS / Bridgeman Images
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