Mr. Johnson's investment group made a modestly higher bid than that of Kohlberg Kravis Roberts & Co., but the latter's offer was accepted by RJR Nabisco's board. "Former RJR Nabisco CEO F. Ross Johnson Dies at Age 85," at 11:58 p.m. ET Friday, incorrectly stated in the third paragraph that Mr. Johnson's group was outbid. (Dec. 31, 2016)

(END) Dow Jones Newswires

December 31, 2016 00:56 ET (05:56 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.