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Chicago Fed Letter, No. 17, January 1989
Buyouts and Bondholders

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.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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