The absolute and relative dollar values of LBOs increased significantly in 1986 and have continued at a high pace. Indeed, the recent RJR Nabisco LBO, at nearly $25 billion, exceeds the annual value of all LBOs for 1984 and 1985.
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Diana L. Fortier
Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322
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