Backtest
The 80s on Wall Street: KKR and The RJR Nabisco Battle (Part 3)
49:25
We pick up where we left off in Part 2. Ross Johnson, CEO of RJR Nabisco, presents a management buyout bid for $75-per-share—a number he’s certain will get the deal done without competition.
Instead, as soon as the board issues the customary press release announcing the buyout bid, RJR Nabisco is in play as the most prized buyout target on Wall Street.
Ross Johnson alienates not one, but two…