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1. Why do you think that the board of directors of RJR Nabisco preferred to sell the company to KKR rather than to the Management team led by Johnson?
2. Do you think that Shearson [American Express] was the correct company to structure the deal? Yes/No and Why?**
3. Why do you think that Russ F. Johnson pursue the leveraged buy-out of RJR Nabisco?
