EXHIBIT 99.1 7 Campus Drive Parsippany, NJ 07054 [NABISCO LOGO] News Release Date: June 25, 2000Nabisco Holdings Corp • June 28th, 2000 • Cookies & crackers
Company FiledJune 28th, 2000 IndustryParsippany, NJ -- Nabisco Group Holdings (NYSE: NGH) announced today that it has signed definitive agreements for the sale of Nabisco Holdings (NYSE: NA) to Philip Morris Companies (NYSE: MO) for $55 per share and the separate sale of Nabisco Group Holdings to R.J. Reynolds Tobacco (NYSE: RJR) for $30 per share.