Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.


Nabisco stock split

RJR Nabisco Holdings Corp said its board of directors has

approved a one-for-five reverse stock split. Company spokeswoman Carol Malkovich said the company will seek approval for the move from shareholders at its annual meeting in April. The board also approved a regular quarterly dividend of 7.5 cents per share.