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RJR calls for tobacco pact balance

Published on .

R.J. Reynolds Holdings Corp. Chairman-CEO Steven Goldstone said he is hopeful congressional approval of comprehensive tobacco control legislation next year could resolve enough long-term uncertainties to allow spinning off Nabisco Brands from R.J. Reynolds Tobacco Co. Mr. Goldstone warned any final agreement would have to offer advantages to both tobacco companies and consumer groups and that altering the agreement with attempts to impose a ban or heavy tax would destroy that balance. Mr. Goldstone appeared at a conference of the Investor Responsibility Research Center.

Copyright October 1997, Crain Communications Inc.

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