-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sg2r9Ceibb7ZGWWqDkKwH95lSSmHjmJ5BJ+kPRiRQQRmSVF7NOAgy7OEefWPhhRl U2crvrYIAcqhAWbhr+255Q== 0000950110-96-000084.txt : 19960208 0000950110-96-000084.hdr.sgml : 19960208 ACCESSION NUMBER: 0000950110-96-000084 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960207 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RJR NABISCO HOLDINGS CORP CENTRAL INDEX KEY: 0000847903 STANDARD INDUSTRIAL CLASSIFICATION: COOKIES & CRACKERS [2052] IRS NUMBER: 133490602 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-10215 FILM NUMBER: 96512865 BUSINESS ADDRESS: STREET 1: 1301 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019-6013 BUSINESS PHONE: 2122585600 MAIL ADDRESS: STREET 1: 1301 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019-6013 FORMER COMPANY: FORMER CONFORMED NAME: RJR HOLDINGS CORP DATE OF NAME CHANGE: 19891116 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKE GROUP LTD CENTRAL INDEX KEY: 0000059440 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] IRS NUMBER: 510255124 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 100 S E SECOND ST CITY: MIAMI STATE: FL ZIP: 33131 BUSINESS PHONE: 3055798000 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT GROUP INC DATE OF NAME CHANGE: 19900815 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT & MYERS INC DATE OF NAME CHANGE: 19760602 FORMER COMPANY: FORMER CONFORMED NAME: LIGGETT & MYERS TOBACCO CO DATE OF NAME CHANGE: 19690528 DFAN14A 1 ADVERTISEMENT =============================================================================== SCHEDULE 14A/A INFORMATION CONSENT STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by registrant / / Filed by a party other than the registrant /x/ / / Confidential, for Use of the Commission Only Check the appropriate box: (as permitted by / / Preliminary consent statement Rule 14a-6(e)(2)) / / Definitive consent statement /X/ Definitive additional materials / / Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12 RJR NABISCO HOLDINGS CORP. ---------------------------------------------- (Name of Registrant as Specified in its Charter) BROOKE GROUP LTD. ------------------------------------------ (Name of Person(s) Filing Consent Statement) --------------- Payment of filing fee (Check the appropriate box): / / $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2). / / $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). / / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: /x/ Fee paid previously with preliminary materials. --------------- / / Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: ____________ (2) Form, schedule or registration statement no.: _____________ (3) Filing party: ____________________ (4) Date filed: _________________ =============================================================================== RJR'S SMOKESCREEN When will RJR spin off Nabisco? RJR now says, in carefully hedged lawyerspeak: "As the litigation environment improves, the Company expects it will be able to consider a spin-off in 1998."(Superior 1) Translation: "If the legal situation gets better, RJR will probably be in a position to think about spinning off Nabisco two years from now." In other words, don't count on it. Ask yourself two simple questions: o Do you really believe tobacco litigation will improve by 1998? o Do you trust the lawyers who run RJR to decide whether an immediate spinoff is in YOUR best interests? Brooke believes an immediate spinoff will benefit both of RJR's businesses and substantially increase your stock price. We also believe RJR shares will drop back into the $20's if our consent solicitation fails. Others agree with us. Gary Black, the #1 tobacco analyst, has just valued a spinoff at $44 per share, with a downside of $29 if Brooke loses.(Superior 2) Michael Price, a respected value investor, believes a spinoff is worth $45-50 per share or $55 with Nabisco sold.(Superior 3) He says, "I don't know why the company should wait."(Superior 4) Send a message to RJR's Board that you want a spinoff of Nabisco NOW. Vote for Brooke's consent solicitation by the February 15 deadline. IF YOU DON'T VOTE, YOU HAVE VOTED AGAINST A SPINOFF. IMPORTANT VOTING INSTRUCTIONS YOU MUST DELIVER YOUR BLUE CARD OR VOTING INSTRUCTIONS BY THE CUTOFF DATE, FEBRUARY 15, 1996, TO BE SURE YOUR VOTE IS COUNTED. DISCARD RJR'S YELLOW CARD. IMPORTANT If you have any questions or comments about Brooke Group's solicitation, please call Georgeson & Company Inc. at 1-800-SPINOFF. If you are interested in gaining access to information about this solicitation on the World Wide Web, use http://brookegroup.inter.net/brookegroup/ 1 Schedule 14A filed with the SEC by RJR Nabisco on January 25, 1996. 2 Sanford Bernstein research report, January 30, 1996. The report assumes that a post spinoff Nabisco would be worth $22 per share (based upon the market value of Nabisco at the time of the report) and a price per share of post spinoff RJR Nabisco of $22 per share (based upon a 7.5% yield of a $1.65 dividend and a Cash P/E Ratio of 8.3). The downside of $29 assumes a $1.65 dividend valued at RJR Nabisco's highest relative dividend yield above the S&P yield. 3 Barron's, January 22, 1996. 4 Reuters, February 1, 1996. -----END PRIVACY-ENHANCED MESSAGE-----