F. Ross 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. The article "Former RJR Nabisco CEO F. Ross Johnson Dies at Age 85" published at 0458 GMT incorrectly said Mr. Johnson's group was outbid. (Dec. 31, 2016)

(END) Dow Jones Newswires

December 31, 2016 01:56 ET (06:56 GMT)

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