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Japanese banks are expected to approve about...

Japanese banks are expected to approve about $5 billion in loans to help finance the $24.53-billion buyout of RJR Nabisco Inc., according to the Kyodo News Service. Quoting unnamed sources in the finance industry, Kyodo said the banks each would lend about $500 million to Kohlberg Kravis Roberts & Co., which bid $109 a share for RJR Nabisco. The Kyodo report named three of Japan’s leading banks--Dai-Ichi Kangyo Bank Ltd., Mitsubishi Bank Ltd. and Sanwa Bank Ltd.--and said other banks would respond favorably to their participation and agree to join the financing venture to a total of $5 billion.


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