Philip Morris To Acquire Nabisco
Jun. 25, 2000
NEW YORK (AP) _ Philip Morris Companies Inc. announced Sunday that it has reached an agreement to purchase Nabisco Holdings. Corp., the nation's No. 1 cookie and cracker maker, for $55 a share in cash.
Philip Morris, headquartered in New York, is the world's largest tobacco company. It also is heavily into food with its Kraft Foods subsidiary.