OTHER NEWS - June 24, 1993

RJR Nabisco Holdings Cancels Plans to Offer Food Stock: The food and tobacco conglomerate said it doesn’t feel it could get a fair price at the moment for its new class of stock, which was expected to be offered this week to raise more than $1.5 billion for the heavily indebted corporation. The last-minute turnaround underscores the drubbing that food companies have taken in recent months as investors expressed fresh doubts about the ability of big-name brands to withstand competition from discount labels. Nabisco left the door open to trying again should the market for food stocks improve.