BusinessMarch 31, 1997
BUSINESS MEMO: STOCK BUYBACK
A $200 million stock buyback and an 11 percent dividend increase have been authorized by the RJR Nabisco Holdings Corp. board one day after a dissident shareholder bailed out of the food and tobacco company. RJR's biggest single shareholder, Carl Icahn, disclosed recently he sold his entire 7.3 percent stake in the company...A $200 million stock buyback and an 11 percent dividend increase have been authorized by the RJR Nabisco Holdings Corp. board one day after a dissident shareholder bailed out of the food and tobacco company.
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RJR's biggest single shareholder, Carl Icahn, disclosed recently he sold his entire 7.3 percent stake in the company.
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