After KKR acquired RJR Nabisco in 1989, large diversified firms rushed to refocus. Why?
A)The timing of this was pure coincidence
B)They hated Nabisco
C)They hated KKR
D)They feared that leveraged buyout specialists would do it to them

Question

Quizplus · Accepted Answer

After KKR acquired RJR Nabisco through a leveraged buyout, many large diversified firms realized that they too could become targets for LBO specialists. They refocused to prevent becoming vulnerable to potential buyouts or to increase their attractiveness to potential acquirers.

After KKR Acquired RJR Nabisco in 1989, Large Diversified Firms