As part of the seven sell contracts with Merrill Lynch, Pirece, Fenner & Smith and JPMorgan, the Tyson Limited Partnership will release 7m shares in Tyson Food from the Tyson family’s holdings.
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In a filing with the US Securities and Exchange it was revealed that JPMorgan will receive 1m shares on 25 July, Merrill Lynch will receive 2m shares on 22 August and a further 4m on 20 February 2007.
The Tyson Limited Partnership owns 93.8m shares of Class B common stock, all convertible to one share of Class A stock.
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By GlobalData
The SEC filing stated that the Tyson Limited Partnership expects to sell more shares in Tyson Foods as part of a continued plan to diversify the holdings. No further details were provided.
