Rjr Starts Sending Up Smoke Signals...

Savvy financier Henry Kravis and partners at Kohlberg Kravis Roberts have been frantic in trying to lift the soggy stock of RJR Nabisco Holdings. After all, KKR invested $3.1 billion of its own money in the giant food and tobacco company, which it acquired in 1989 for $26 billion. KKR controls 47% of RJR's voting stock.

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