What were the terms of R J Reynolds Nabisco acquisition?

In 2000, R.J. Reynolds Tobacco Company acquired Nabisco Holdings for approximately $25.4 billion. The deal was structured as a cash-and-stock transaction, with R.J. Reynolds offering Nabisco shareholders $50.00 per share, which included both cash and stock options. This acquisition aimed to diversify R.J. Reynolds' portfolio beyond tobacco products, integrating Nabisco’s extensive snack food and cookie brands into its operations. The merger ultimately resulted in the formation of Reynolds American Inc. as a significant player in both the tobacco and snack food industries.