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Why do you think the bondholders wanted to block

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Metropolitan Life Insurance Company, Swiss Bank Corporation, and several other holders of RJR Nabisco bonds filed suit against the company to prevent it from completing the leveraged buyout acquisition from Kohlberg Kravis Roberts.

Why do you think the bondholders wanted to block this transaction? What arguments can you make for and against the bondholders' case?

Reference no: EM131119511

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