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On October 28,1988,the Board of Directors of RJR Nabisco Revealed

Question 51

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On October 28,1988,the board of directors of RJR Nabisco revealed that the company's CEO had formed a group of investors prepared to buy all the firm's stock for $75 per share in cash and take the company private.RJR's share price immediately moved to about $75 from $56.

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