Japan Tobacco to buy RJR Nabisco's int'l tobacco unit
Masaru Mizuno, president of Japan Tobacco Inc. (JT), speaks
to reporters in Tokyo on March 9 to announce the company has agreed
to buy the international tobacco business of RJR Nabisco Holdings
Corp. for 7.83 billion dollars to become the world's third-largest
tobacco company. Mizuno said, ''The deal will enable us to acquire
many international business bases in a single stroke and face the
competition as a world-class player.''
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- 1999/3/09 15:00:00
- Kyodo / Kyodo News Images
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